The new sentence is “timelier return.” They did not say faster growth or slower jobs. They dated the inflation clock.
- FOMC raised the funds range by 1/4 point to 3-3/4 to 4 percent.
- Old range 3.50% to 3.75%. Last hike was July 2023.
- Vote 12-0. Full board on the move.
- Official statement posted 2:00 pm ET. https://www.federalreserve.gov/newsevents/pressreleases/monetary20260916a.htm
- Line they added. “Today’s policy action will support a timelier return to the Committee’s 2 percent goal.”
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