FOMC Statement Highlights

  • Fed repeats highly accommodative policy to be appropriate for “considerable time” after QE ends
    Fed says unemployment rate is little changed and a range of labor market indicators suggest significant underutilization of labor resources
    Fed says to reduce bond buying to $15 bln per month
    Fed repeats inflation running below target, but expectations stable
    Fed says 14 officials would prefer first rate hike in 2015 (previous: 12)

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