Fed sees slightly faster pace of rate hikes

|By:, SA News Editor

The taper continues, with the FOMC cutting QE another $10B to $35B per month.

Expectations for the pace of rate hikes pick up a bit, with the Fed now seeing the Fed Funds rate closer to 1.25% by year-end 2015 vs. the previous forecast of 1%. By 2016's end, the Fed Funds rate is seen at 2.5% vs. 2.25% previously.

FOMC Statement