Markets read the Fed's cautious tone on the economy and financial conditions as a sign it is not likely to hike rates in March.
However, analysts say any favorable change in conditions could put March back in play for the Fed's second rate hike.
The central bank released its post-rate meeting statement Wednesday afternoon, triggering a steep sell-off in stocks, a drop in the dollar and buying in Treasurys.
It is important to say that, they're still saying they are on plan with a gradual reduction in accommodation but they recognize things are going on out there
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