Reuters - They emphasized that some inflation risks remain but in the next paragraph they have moved to a statement of more concern about the prospective growth of the economy. They are saying that they will be right on top of both the financial market situation and the economy, following it very closely, which means that it won't take much for them to continue to lower interest rates. In this statement they have put us all on notice not to be surprised to see rate cuts over the next several meetings. That's telling the bond market that the Fed will be putting downward pressure on interest rates.
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