Fed statement reveals trivial change in strategy
Published on Thursday, December 25, 2014 | Updated on Friday, December 26, 2014
Fed statement reveals trivial change in strategy
The December FOMC statement did not stray far from our expectations, presenting a slight change to the forward guidance language and hinting at modest adjustments to the economic outlook. As expected, the FOMC replaced the “considerable time” language related to the timing of the federal funds rate and instead specified that “the Committee judges that it can be patient in beginning to normalize the stance of monetary policy”
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