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  • The fact that the Fed didn't emphasize recent events like the plunge in oil prices sent a calming message to markets, says Liz Ann Sonders, Chief Investment Strategist & Senior V.P. at Charles Schwab.

  • Despite the change, the Fed remains comfortable with lifting interest rates in mid-2015, says Toby Lawson, Managing Director of futures and options execution, Asia-Pacific at Societe Generale Newedge.

  • The realization that higher interest rates in the U.S. won't materialize shapes a good environment for the fixed income space, says Michael Buchanan, Head of Global Credit at Western Asset Management.