FOMC no change, June still on the table. It looks like the fix is in on oil. Remember Greece? Drug companies addicted to prices. Financial Review by Sinclair Noe for 04-27-2016 DOW + 51 = 18,041 SPX + 3 = 2095 NAS – 25 = 4863 10 Y – .07 = 1.86% OIL + 1.29 = 45.33 GOLD + 2.50 = 1246.80   Today is a Fed FOMC day. As expected, the Fed left its benchmark interest rate unchanged at 0.25% to 0.50%. No surprise. Markets were pricing in a 0% chance of a rate hike today. With no news conference from Fed Chair Janet Yellen and no economic projections, the focus was on the wording of the Federal Open Market Committee’s statement. The Fed said the labor market had improved but there were still signs of a broader economic slowdown. Since the beginning of the year, the housing sector has improved further but business fixed investment and net exports have been soft. The Fed removed language about the risk from global markets.  Inflation is still expected to rise toward 2% over the medium term. The bottom line is that a rate hike is on the table for the June 15 FOMC meeting. The initial market response was dollar up, stocks and bonds down, but that faded. The dollar index slipped, bonds closed higher and stocks recovered.   There is one notable development since the FOMC’s last meeting: oil prices have started to recover again. This morning West Texas Intermediate futures traded ...