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Despite the hype surrounding Wednesday's meeting of the Federal Open Market Committee (the monetary policy arm of the U.S. Federal Reserve), the announcement that followed doesn't change a thing.
That's right, nothing. Neither the FOMC statement itself nor Fed Chair Janet Yellen told us anything that the Fed and its proxies hadn't told us before.
But nevertheless, this is still groundbreaking stuff. It is the most important announcement since the Fed instituted outright QE in March 2009.
And as I have told you in past posts, it will have major implications for the markets and for your money.
There is a lot here that is essential for you to understand to protect your money and take advantage of this new policy.
And – fair warning – it's not bullish.