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.