More Details On FOMC announcement
By:
Matthew Graham
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Currently 5.5's down 2 ticks at 101-10. No reason to panic yet.
- Labor market worse
- Ongoing measures to foster liquidity
- Labor market continues to soften
- Uncommon unanimous decision
- Inflation outlook uncertain and Fed remains extremely vigilant, however inflation is expected to moderate
- Continued downside risks to growth
- Basically, this was an incredibly equivocal FOMC statement given the backdrop