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When Is The Liftoff?: FOMC Reactions From 10 Major Banks
The following are the reactions to today's FOMC statement by the economists at 10 major banks along with their expectations for the timing of the Fed's liftoff (start of raising rates). Barclays: The Fed upgraded its assessment of economic activity, saying output is expanding at a “solid pace,” versus its description in December that growth was “moderate.” The committee upgraded its assessment of economic activity largely on household spending, which it sees as boosted by the substantial decline in energy prices and its effect on consumer purchasing power. It left its description of business investment ... (full story)