The Federal Open Market Committee (FOMC) – the board of directors of the Federal Reserve maintained the federal funds rate as expected, and stated:
…. while growth of business fixed investment has moderated from its rapid pace earlier in the year. ….
Overall the Fed appears to believe the economy was generally stronger since the last meeting.
Analyst Opinion of the FOMC Meeting Minutes
There is really nothing unexpected in these meeting minutes – so there should be no market reaction.
The Federal Funds rate remained 2 to 2-1/4 percent. Econoday consensus forecast was for no rise in the Federal Funds rate.