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Strategies & Market Trends : Currents of Currency

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From: Ahda	6/18/2014 7:35:55 PM
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Personal Finance Yahoo Originals CNBC Fed keeps faith in recovery, bumps up expected rate-hike path. By Howard Schneider and Jason Lange WASHINGTON (Reuters) - The Federal Reserve on Wednesday expressed confidence the U.S. economic recovery was on track and hinted at a slightly more aggressive pace of interest rate increases starting next year. At the same time, however, officials at the central bank lowered their projections for the long-run target interest rate, evidence of slightly diminished expectations for a nation climbing out of a severe crisis and struggling with demographic headwinds like declining labor force participation. Non Sequitur not really it is a complicated method of stating nothing.

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