US stocks mixed, treasuries drop after Fed keeps rates pinned near zero

The Federal Reserve has maintained the pace of bond purchases as was widely expected

US stocks were mixed and Treasuries held modest losses after the Federal Reserve kept rates pinned near zero and maintained the pace of bond purchases as was widely expected.
 
The Fed strengthened its view of the economy and said that recent increases in inflation looked “transitory,” reassuring investors that the central bank is in no hurry to tap the brakes on growth. The dollar was lower, the 10-year Treasury rate held near 1.65% and gold was little changed.
 
“No news is good news as far as the market is concerned because it means the Fed will remain accomodative