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.
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