SchizoFEDia

On the whole, Goldman viewed today's FOMC meeting as moderately more hawkish than expected. The post-meeting statement was close to their expectations but a few changes added a more upbeat tone. Fed officials revised up their forecast for core inflation and down their forecasts for unemployment, in both cases by larger amounts than many had expected. Likely as a result, some participants also lifted their forecasts for the federal funds rate. Chairman Bernanke’s press conference was more

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