- QE3 will continue at $40 billion per month (no change there)
- ‘Exceptionally low’ rates through mid-2015
- Economic activity has continue to expand at moderate pace
- Inflation recently picked up somewhat, reflecting energy
- Household spending has advanced a bit more quickly
- Further signs of improvement in housing
- Employment growth has been slow
There is some divergence in the headlines here. Bloomberg saying operation twist will continue through the year end and Reuters saying it’s over at the end of the year.
Looking at the text, it’s somewhat ambiguous unchanged from last month, so no change here.
