Fed's policy-setting committee did not flag any plan to accelerate the pace of monetary tightening - RTRS

The FOMC did not flag any plan to accelerate the pace of monetary tightening. Although inflation is "close" to the Fed's 2 percent target, it noted that goal was "symmetric," indicating a possible willingness to allow prices to rise at a slightly faster pace, as reported by Reuters.

Key headlines

• Further rate increases would only be "gradual"
• Officials sticking to their outlook for two more rate hikes this year and three more in 2018
• Business investment "appears to have firmed somewhat"
• With gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace