BULLET: FOMC Meeting Statement Questions.....................>

FOMC Meeting Statement Questions

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- Has there been a cut to the Interest Rate Paid on Excess Reserves 

(IOER)? YES, CUTS 5 BP TO 2.35% 

- Is there new language or an addendum about EFFR or IOER? YES

- If yes, does the FOMC acknowledge an uptick in EFFR? NO

- If yes, does the FOMC say the uptick in EFFR is due to temporary 

factors? NO

- If yes, does the FOMC indicate another technical adjustment to IOER 

may be made? NO

- In paragraph 2, does the statement change the phrase "the Committee 

will be patient as it determines what future adjustments to the target 

range for the federal funds rate may be appropriate"? NO

- In paragraph 2, does the statement change the phrase "muted inflation 

pressures"? NO

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The statement was more upbeat on econ activity, but down on inflation.

No changes to statement outside economic review.