Paraphrasing today’s Fed decision on interest rates:

Paraphrasing today’s Fed decision on interest rates:

info-fedparse0808.jpg

For the second consecutive meeting, the Fed Funds Rate unchanged at 2.000 percent.

The key comment — which also appeared in its June statement — is below:

Over time, the substantial easing of monetary policy, combined with ongoing measures to foster market liquidity, should help to promote moderate economic growth.

Translated, it reads:

Rate and policy changes we made until this point have yet to work their way through the economy, but when they do, we expect them to right the economic ship.

 Source
Parsing the Fed Statement

 

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