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5 Takeaways From The Fed September Meeting
1NO RUSH TO HIKE The Fed in its statement maintained its vow to keep interest rates near zero for a “considerable time” after it wraps up its bond-buying program, which it said it expects to do in October. This will alleviate market concerns the central bank might be warming up to the prospect of a March interest rate increase. Instead, this supports investors’ expectations the Fed will start raising rates in the summer of 2015. 2OFFICIALS’ RATE FORECASTS Most Fed officials, 14 out of 17, expect to start raising short-term interest rates from near zero in 2015, according to the forecasts released. For the ... (full story)