FOMC Summary

Posted By on December 13, 2011

Here we go with today’s Fed release…..

Fed Headline Summary:

  • FED: FINANCIAL STRAINS STILL POSE `SIGNIFICANT DOWNSIDE RISKS’
  • FED REPEATS `EXCEPTIONALLY LOW’ RATES THROUGH AT LEAST MID-2013
  • FED SAYS ECONOMY `EXPANDING MODERATELY’ AS GLOBAL GROWTH SLOWS
  • FED LEAVES OPERATION TWIST PROGRAM UNCHANGED
  • FED SAYS CONSUMER SPENDING `HAS CONTINUED TO ADVANCE’
  • FED SAYS UNEMPLOYMENT RATE TO DECLINE `ONLY GRADUALLY’
  • FED EXPECTS `MODERATE PACE’ OF GROWTH IN COMING QUARTERS
  • FED: FINANCIAL STRAINS STILL POSE `SIGNIFICANT DOWNSIDE RISKS’
  • EVANS DISSENTS FROM FOMC DECISION, PREFERRING MORE EASING

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