Surprise... surprise… the FOMC downgraded its “outlook” and the economy for the first time in about a year. Additionally, “A few participants cited some risk of deflation,” and the FOMC acknowledged that more “stimulus” (i.e. – money printing) may be needed:
“However, members noted that in addition to continuing to develop and test instruments to exit from the period of unusually accommodative monetary policy, the Committee would need to consider whether further policy stimulus might become appropriate if the outlook were to worsen appreciably.”
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