FOMC statement

The FOMC October meeting has been and gone.

No-one was expecting anything policy-wise from this meeting following the huge launch of QE3. And so with low expectations there wasn’t any disappointment. So far so good.

What was of interest, though, was the few words about the economy, the most interesting to me (to summarize):
-noting that inflation had picked up somewhat,
-& that fixed investment “has slowed”.

No, this aint the end of the world … but it ain’t party time either.

For those having trouble sleeping, here is the link:
http://www.federalreserve.gov/newsevents/press/monetary/20121024a.htm

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