From the FXWW Chatroom: FED SEES FASTER PATH OF FUTURE INTEREST RATE HIKES, RAISES ESTIMATED LONG-TERM FEDERAL FUNDS RATE TO 3.0 PCT FROM 2.9 PCT
FED SEES SLIGHTLY FASTER PACE OF GDP GROWTH AND SLIGHTLY LOWER UNEMPLOYMENT RATE NEXT YEAR COMPARED WITH PRIOR FORECAST
FED VOTE IN FAVOR OF POLICY STATEMENT WAS UNANIMOUS
FED SAYS STANCE OF MONETARY POLICY REMAINS ACCOMMODATIVE
FED REPEATS NEAR-TERM RISKS TO THE ECONOMY APPEAR “ROUGHLY BALANCED”
FED SAYS INFLATION HAS INCREASED SINCE EARLIER THIS YEAR; ECONOMIC ACTIVITY HAS BEEN EXPANDING AT A MODERATE PACE
FED SAYS MARKET-BASED MEASURES OF INFLATION COMPENSATION HAVE MOVED UP “CONSIDERABLY” BUT STILL ARE LOW
FED REPEATS EXPECTS ECONOMIC CONDITIONS WILL EVOLVE IN WAY THAT WARRANTS “ONLY GRADUAL INCREASES” IN FED FUNDS RATE
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