Fed Tapers Another $10 Billion, Slashes Growth Expectations, Says Policy "Remains Appropriate"

http://ift.tt/1pgthBF

With modest positive growth adjustments expected, a continued taper (of $10bn), and no "rate-hikes-are-imminent" warnings, the FOMC statement provides more dovish confidence...

• FED REPEATS LOW RATE LIKELY FOR CONSIDERABLE TIME AFTER QE ENDS


• FED SAYS HIGHLY ACCOMMODATIVE POLICY `REMAINS APPROPRIATE'


• FED TAPERS BOND BUYING TO $35 BLN MONTHLY PACE FROM $45 BLN

But...

• FED: 2014 GDP GROWTH OF 2.1%-2.3% VS 2.8%-3.0% IN MARCH

So everything's fine, taper is on... but we are slashing growth this year dramatically.

Submitted June 18, 2014 at 02:21PM by bigbear0083 http://ift.tt/1lEoXYS