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Fed sees slightly faster pace of rate hikes

  • 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
  • Projections
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