Fed sees fast pace of growth over next two years

|By:, SA News Editor

Stocks remain modestly higher on the session, but Treasurys add to losses following the FOMC minutes at which the committee sets an October end for QE and begins to more seriously mull an exit from its extraordinary monetary stimulus. The 10-year yield is up four basis points to 2.60%.

Turning to the economy, growth has bounced back from its significant drop earlier in the year, according to Fed staff, which sees real GDP expanding at a faster pace than potential output over H2 and the next two years.

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