Fed Holds Rates Steady, Says Almost Nothing

The Fed held its baseline rate at 150 to 175 basis points. It also made two tiny changes in its statement.

The Fed held its baseline rate at 150 to 175 basis points. It also made two tiny changes in its statement.

Statement Tracker

(Click on image to enlarge)

The above from the Wall Street Journal Statement Tracker.

Two Changes

  • Spending is now moderate, not strong
  • Inflation is "returning to" rather then "nearing" the objective.

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