Few changes from Fed

The Federal Reserve pretty much did a copy and paste from its late April statement as it put together the latest release following its two-day meeting.

This should not come as much of a surprise given that not much has happened in the economy that would warrant a shift in policy or a signal that a change is needed. See Fed meeting tops week's economic calendar.

I detail and analyze the statement at Examiner.com in my article, Fed slightly more upbeat, no changes to bond buys.