- As expected the Fed has added another $10B to the taper, bringing asset purchases down to $45B per month. Of that, $25B will be Treasurys, $20B MBS.
- "Economic activity has picked up recently, after having slowed sharply during the winter," leads the FOMC statement. "Household spending appears to be rising more quickly."
- Today's decision is unanimous, with Minneapolis Fed boss Kocherlakota dropping his dovish dissent from the last meeting.
- Full statement
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