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Published on Friday, March 18, 2016 | Updated on Friday, March 18, 2016

FOMC Statement: March 15-16th Meeting

Committee Revises Down Expected Policy Path to Two Rate Hikes in 2016. Rates unchanged and some downward revisions to projections, but strong employment. FOMC will “monitor inflation developments closely” as transitory factors fade. All meetings are “live” but June and December seem most appropriate for rate increases