Federal Reserve Open Market statement. Will cut an additional $10 Billion from its monthly stimulus policy.

Economic activity has picked up .

Housing is still slowing.

Fed sees significant improvement in employment by projecting a sub 6.0 percent rate for 2015.

Outlook stronger for 2015 GDP to 3.2 percent from 3.0 percent.

Prior to FOMC decision: 13:50 EST NY

Dow: -31 down

Nasdaq: -14 down

S&P: -2 down

Euro: +0034.4 up to 1.3579

GBP: -0006.0 down to 1.69564

CAD: +0.0003 up to 1.8694

GC/Gold: +1.00 up to 1272

ZN/Ten Year +12/32 to 124 7.5/32