Generally up beat view of the economy, saying Household Spending is growing strongly and job gains solid. It held off from hiking rates, quote, for the time being. Noting that inflation remains below its 2 target and trying to give the job market more room to run before hiking rates. But the statement and fed chair janet yellen in her press conference later on suggested that rates will likely rise at least once this year. Most participants do expect that one increase in the federal funds rate will be appropriate this year. And i would expect to see that if we continue on the current course of labor market improvement and there are no major new risks that develop. And we simply stay on the current course. So theres this new metric now, where you can think about for deciding whether or not the fed is going to raise rates. Whether labor slack is being absorbed. This chart shows the feds concern here. Job growth strong, 180,000 average the past three months. The Unemployment Rate hasnt dec