Market Up 69 Bps after the FOMC Meeting!
Highlights of meeting
-No Change in interest rate
– removes the word “patient”
– Says rate hike in April is unlikely (ie too soon)
– Says has not made a decision as to when a rate hike will occur (offically)
– Changes the long-run employment rate downward
– References “moderate” growth which appears to be a slight downgrade from “solid” growth”
You can read their entire statement Here:…/press/monetary/20150318a.htm