Stocks, Bonds, Bullion, & Bitcoin Bid as Fed Cuts Rates, Launches 'Not QE'

Stocks were treading water heading into this afternoon's FOMC meeting, where the Fed delivered its third consecutive 25bp (risk management) rate cut.

While the cut was widely expected, this afternoon's meeting was still a focus for markets as they tried to read the tea leaves of the Fed's - and rates' - path from here.

Notably, Powell did not do anything during the presser to spoil the party either; playing it out well with