Latest Fed Meeting Results in Little Change

Main content

Little change resulted from the latest meeting of the Federal Reserve Open Market Committee. Citing significant slack in the job market despite the much-improved unemployment rate, the Fed reiterated that it would keep interest rates near zero for a “considerable time” — a phrase some observers thought may be excised from its rhetoric at this meeting. The central bank also indicated that it would end its asset-purchase program in October if data trends remained intact. Meanwhile, the Fed lowered its forecast for 2015 GDP growth to 2.6–3.0% from 3.0–3.2%.

Footer content