One way or the other, people should ask themselves to what extent they want one isolated group of people to have this much power...

They dont move markets. People in the markets move them. The fact that people are reacting to the Fed's statement, which contained no surprise, shows the insanity of markets.

Who didnt know the Fed was going to talk about rate hikes? It was not kept a secret. And the Fed, the ultimate manager in expectations since that is all they can affect, is only doing what everyone and their brother was complaining about: inflation.

Ironic when the Fed gives the market (and all the talking heads) what they want, they still have a cow. Of course, the Fed has no chance of 4 rate hikes. I bet even 2 is a stretch.