As widely expected, the Fed opted once again to refrain from raising interest rates after its two-day meeting concluded on Wednesday afternoon. And as usual, market-watchers dug feverishly into the policy statement searching for any clues as to potential guidance on future rate hikes, but were again largely disappointed despite the fact that the Fed did acknowledge some economic improvement. Generally, the FOMC statement was changed modestly from previous months, projecting neither a substantially hawkish nor dovish outlook. One conspicuous addition to the statement that could be considered significantly hawkish, ... (full story)