Top 7 ways to trade the dovish Fed decision

Traders work on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters

The Fed cited recent global financial developments potentially hurting economic activity and exerting downward pressure on inflation as the reasons it did not raise rates Thursday afternoon.

CNBC Pro reached out to market experts to find out how investors should trade and position their portfolios after this important central bank decision.

Here is what they said...

1) Buy long-dated U.S. Treasury bonds:

"My favorite trade remains to own long-dated U.S. Treasury bonds. They continue to earn excellent carry relative to the near-zero funding rate. I also believe that the bullish dollar trend is intact, as central banks around the world are continuing on the easing path."—Alex Gurevich, chief investment officer of HonTe Investments

iShares 20+ Year Treasury Bond ETF (TLT) tracks the performance of an index of U.S. Treasury bonds with maturities over 20 years.

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