"Considerable time" pledge is highly conditional says Yellen via ForexLive

  • And linked to the FOMC's view of the economy
  • 2014 growth forecasts are down a little bit
  • FOMC dots had relatively little upward movement
  • Relatively little upward movement in interest rate path
  • FOMC dot may have moved on employment view
  • Change in FOMC economic projections and dots quite modest
  • Dot plot doesn't show members uncertainty on forecasts
  • Slow pace of wage rises reflects labour market slack
  • Growth has been slow relative to past recoveries
  • 6.1% jobless rate still above normal and will come way down
  • Still underuse of labour resources
FOMC dots Sep 2014

FOMC dots Sep 2014

posted via ForexLive

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