The major stock indexes---the Dow Jones Industrial Average and the S&P 500---finished the day higher on light trading before the Fed announcement. Traders don't seem to expect a change in interest rates tomorrow but demand for treasuries did push yields a little lower. This conflicts with the bullishness in the market and may mean we will see some volatility in stocks in the short term.
The dollar was weaker again as economic reports continue to confirm that recovery is underway. This weakness may be good for U.S. exports, which will be cheaper to international buyers but it could increase the cost of imported commodities like oil in the near term. One way to profit from this possibility is through commodity ETFs.
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