- Fed hikes to range of 0.50%-0.75%
- All 103 economists surveyed by Bloomberg forecasted a hike
Highlights of the statement: COMING IN
- Repeats gradual policy path plan
- Policy supporting 'some further strengthening' on goals
- Votes were unanimous
- Stance of monetary policy remains accommodative
- Inflation has increased since earlier this year
- Economy has been expanding at a moderate pace
- Market-based measures of inflation have moved up 'considerably' but are still low
- Expects conditions to evolve in way that warrants 'only gradual increases' in rates
- Officials see three 2017 hikes versus two in Sept dots
- Sees slightly higher pace of growth and lower unemployment
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