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BLOOMBERG Bloomberg Bottom Line April 29, 2015

So they acknowledge the weakness, but they go on to say that employment slowed, and the committee continues to expect that appropriate action will continue to move forward. As is consistent with the dual mandate. Inflation is anticipated to remain near the level in the near term, but the committee expects inflation to rise gradually towards 2 as the labor market improves further and the transitory effects decline, and energy and import prices dissipate. They continue to monitor inflation closely. The language in here, again, can distance to what we saw in the march statement. They said the committee anticipates it would be appropriate to raise the target rate for the federal funds rate when they see further improvement in the labor market and they are reasonably confident the rate will move back towards the objective in the median term, so, mark no reference to june. They are taking that off the table, but there is that condition, being data dependent Going Forward, but they are acknow

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