Stock markets moved higher after the Federal Reserve announced at 2:15pm today that they will leave the Fed Funds rate at zero to 0.25%.  The Fed says the labor market is stabilizing and presented a reasonably positive statement saying that "the pace of the U.S. recovery to be moderate for a time” This statement was nearly identical to the Jan. 27 statement where they said they would continue to evaluate the purchases of mortgage backed securities.  This time they only said that they will continue to monitor economic conditions.  The markets are looking for the November statement as when the Fed may start to raise interest rates.  Higher interest rates would be a result of an improving economy so ultimately that is what we are all hoping for.  The FMOC wants to act in a steady prudent way with as much transparency as possible so as not to give the markets any surprises.  William Sergautis ChartTrader.com Hollywood Florida