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Fed Leery Guidance Changes Might Be Misread
Federal Reserve officials discussed altering their guidance on the likely path of interest rates at their September meeting, but decided against making any changes because of concerns they might be misinterpreted, minutes of the meeting showed Wednesday. The Fed statement released three weeks after the meeting repeated that officials expected they would keep short-term interest rates near zero for a “considerable time” after the end of their bond-buying program. The minutes said several officials objected to the phrase because they thought it suggested the central bank would wait longer to raise interest rates ... (full story)