Quick breakdown from the WSJ Fedwatcher:
- Fed staff a tad more pessimistic about the near term economy, but sticks to its guns
- Fed officials also showed some angst on the economy
- Fed officials unconvinced about labor market improvements
- Mixed views on low inflation
- Fed officials thought the market had it about right in late july
- Mixed views on the damage of rate backup
- No change in the stance on bond buying
- Officials decided they had already said enough
- Changes in interest rate guidance are on the table
- Officials considered patience in unwinding bond program