Pantheon Macroeconomics - The Fed left in place the three key elements of its statement yesterday, repeating that the extent of labor market under-utilization is "diminishing"; that the inflation drop as a result of falling oil prices will be "transitory" and that the Fed can be "patient" before starting to raise rates.

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29 Jan. 2015 Fed Upgrades its Growth View - Markets Look Elsewhere

By Ian Shepherdson

The Fed left in place the three key elements of its statement yesterday, repeating that the extent of labor market under-utilization is "diminishing"; that the inflation drop as a result of falling oil prices will be "transitory" and that the Fed can be "patient" before starting to raise rates.

Posted: 29th Jan 2015 in 'U.S. Documents'

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