The consequences of the Fed's actions, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
The Fed says they're going to be patient - translated that they know the economy is slowing. They won't say it until they have to because they know that once they start cutting rates, their position as all knowing and seeing will be compromised. This will affect confidence. They also know Europe is in deep trouble. Everyone from Draghi down begged them to stop raising rates (as if they would do anything).
Let the traders panic. The dollar is sliding and the Euro rallying, but nothing has changed. International capital flows will restore the trend nobody wants to discuss: (1) weakening global economy, and (2) downtrend in the Euro. Everything else is short-term noise. The question subscribers should be asking is when will the dollar, gold, and US stocks link up? Confidence is the key (Matrix Line 103 and 104).
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