FOMC Projections and Press Conference Link

Statement here . No change to policy. As far as the "Appropriate timing of policy firming",  participants generally think that rates will be at 0.625% by the end of the year. The FOMC projections for inflation are still on the low side through 2018. Yellen press conference video here . On the projections , GDP was revised down for 2016. GDP projections of Federal Reserve Governors and Reserve Bank presidents Change in Real GDP 1 2016 2017 2018 2019 Sept 2016  1.7 to 1.9 1.9 to 2.2 1.9 to 2.2 1.7 to 2.0 Jun 2016  1.9 to 2.0 1.9 to 2.2 1.8 to 2.1 n.a. 1 Projections of ......(read more)

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