the word patience is gone from the FOMC stmt. thus paving the way for future interest rate hikes. Markets were waiting for the FOMC to finally make a decision. Although interest rates will be small and necessary once the labour market improves more and inflation slowly rises to the 2% target. I still don't expect them to raise rates in June. IMO, Sept seems to be the date for a 1/4 to 1/2% rate increase.