More from FOMC: Now expects "somewhat slower pace of recovery" than at last meeting, and...

|By:, SA News Editor
More from FOMC: Now expects "somewhat slower pace of recovery" than at last meeting, and downside risks have increased. Deterioration in labor. "More recently, inflation has moderated" with energy and commodities off peaks. Along with the watershed hold on ZIRP for two years: no QE3, but the Fed will keep reinvesting principal. For those disappointed by no bolder move today: Jackson Hole is in just a few weeks...