With an expected quarter percent rise, the commentary seems a little more hawkish than expected.

Net-net, the commentary was positive - I liked the productivity understanding.

It's not the quarter-percentage point increase that is worrying people. We are all waiting to see if the commentary will point to one, two or more interest-rate increases.

Greenspan's commentary sure indicated there is more than one interest-rate hike to come, and that's not what the market wanted to hear.