Fed to begin unwind of $4.5 trillion balance sheet in October, as expected.
Virtually all economists expected Fed to leave rates unchanged at 1.00%-1.25%.
Dot plot continues to forecast one more hike in 2017, three more in 2018.
Says hurricanes unlikely to affect medium-term path of economy.
Highlights from the statement:
Inflation to rise temporarily in the aftermath of the hurricanes. Inflation to remain somewhat below 2% in near term but tot stabilize around 2% over medium term Business spending has picked up in recent quarters. Repeats that near-term risks to the economy appear 'roughly balanced'.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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