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Tsys Unchanged; Change To Economic Projections The Biggest 'Surprise'

FED

So Fed Chair Powell reveals precious little in that press conference, with Treasuries totally unch since the decision - then again this meeting was always likely to be a placeholder for the December FOMC, and he mentioned several times that the Committee had discussed various options on the asset purchase program so did nothing to dash expectations of action next time out. The biggest 'surprise' is the change to the Summary of Economic Projections / Dot Plot, which had been part of the framework review, and which some observers had thought could come in December.

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