Volume was below normal in the first two days of trading last week as the market waited for the Federal Open Market Committee's (FOMC) decision on Tuesday afternoon.

As expected, the Federal Reserve made no changes to rates. The FOMC statement did place some emphasis on inflation, while noting concern on growth and the financial conditions. It said: "Although downside risks to growth remain, the upside risks to inflation are also of significant concern to the Committee. The Committee will continue to monitor economic and financial developments and will act as needed to promote substantial economic growth and price stability."

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