Another post-meeting statement from the Fed with a little something in it for everyone (or, as Ron Insana just hilariously said on CNBC, "a little of nothing in it for everyone.").

In fact, I'd argue that statement was a little weaker than some were hoping for.  Sure, it contained the obligatory, "However, in light of the continued increases in the prices of energy and some other commodities and the elevated state of some indicators of inflation expectations, uncertainty about the inflation outlook remains high," but that remark came after Fed's remarks earlier in its statement about a softening labor market and its belief that inflation will moderate later this year on its own.

Those hoping for a rate hike at the next meeting may be kidding themselves. Personally, I'd like to see them tighten, but I'm not holding my breath...