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Wednesday, April 29, 2015

Fed: All calendar references removed

http://www.cnbc.com/id/102632303


<p>Fed confident inflation will move back to 2% objective</p> <p>Hampton Pearson delivers the Federal Reserve's latest policy statement. </p>
Following through on indications in March, the Federal Open Market Committee on Wednesday offered no changes to its zero interest rate policy.
Not only did it not hike rates, it also removed all hints for what may lie ahead. Calendar references were deleted completely from the post-meeting statement.
The FOMC indicated after its March meeting that a rate hike in April was unlikely. The U.S. central bank has kept its key funds rate anchored near zero since late 2008, amid the financial crisis.
Officials have indicated a desire to raise rates at some point this year, with the market now anticipating a September increase.

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