FOMC Projections and Press Conference

Statement here . No rate hike. As far as the "Appropriate timing of policy firming",  participant views moved out a little on the timing of the first rate hike (13 participants expect the first rate hike in 2015, down from 15 in June, 3 in 2016, up from 2, and 1 in 2017), and the "dots" moved down (fewer rate hikes this year and next). The FOMC projections for inflation are still on the low side through 2017. Yellen press conference here . On the projections , GDP for 2015 was revised up, the unemployment rate was revised down, and core PCE inflation projections were mostly......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web http://ift.tt/1UXLOB7
via IFTTT