FOMC Meeting: Fed Leaves Rates Unchanged

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No one seemed to care about the

Federal Open Market Committee

meeting in Washington today.

The Fed's decision not to change rates was mostly ignored by the market, though stocks and bonds failed to move decisively ahead of the expected announcement.

The

Dow Jones Industrial Average

spent the morning on either side of yesterday's close, but didn't stray too far in either direction.

Big

Al Greenspan

was shown walking to the Fed's D.C. headquarters. But that was about all the excitement the Fed could produce.

All in all, the meeting lived up to its billing as a nonevent.