Press: US rates remain on track to rise later this year, Fed says

The Australian Financial Review have their take on the FOMC meeting and Yellen's news conference up already:

Article is here (may be gated): US rates remain on track to rise later this year, Fed says

• The US economy is growing moderately after a winter swoon and will likely be strong enough to support an interest rate increase by the end of the year, US Federal Reserve officials indicated on Wednesday.
• The Fed also said labour markets continued to improve ... though with unemployment expected to be slightly higher at the end of the year than previously forecast in March
• Inflation remains low but is expected to gradually rise to its 2 per cent target over the medium term, the Fed said.
• Still, the statement and forecasts keep the Fed on track to raise rates once or twice over its four remaining policy-setting meetings in 2015.

The Fed will be all the talk around the water coolers this morning here in Australia. Or maybe the latest reality TV happenings. Who cooked what, or house flipping or whatever they're doing now. Hard to tell.