As expected, the Fed is unable to jettison economic canon. Thus, QE is still a method that it deems both effective and appropriate given current employment and inflation data. The market has thusly happily priced in further rounds of QE in the ardent hope that increasing financial asset prices rises all ships.
This is all fine and good until the markets fully understand that QE is simply an accounting exercise and causes no real economic growth in an of itself.
And so this parasitic relationship will go on a bit further, until either the host realizes the prognosis, or the parasite ceases to receive nourishment.