Federal Reserve and Lip Service

market turmoil: But others saw the Fed refusing to rule out a move as early as March after paying lip service to increased global market turmoil and reiterating that it saw downside pressure on inflation as unlikely to last, according to Market Watch. Read the text of the Federal Reserve decision to leave interest rates unchanged. Inflation is expected to remain low in the near term, the Fed said in new, more cautious language, that some saw as a suggestion the central bank won’t be quick to raise interest rates again. The makers of monetary policy were not as dovish as the markets would have liked to see, although the committee did include that they are monitoring global economic and financial developments, said Steven Ricchiuto, chief economist at Mizuho Securities, in emailed comments. The result is an equity market that has little to be optimistic over, he said. However they also maintained the notion that the things keeping inflation from returning to their 2% target are transitory. (news.financializer.com). As reported in the news.