Investors will want to know that the FOMC calls the unemployment still as elevated despite the improvements. The FOMC expects economic growth to moderate in the coming quarters and longer-term inflation expectations remain stable with inflation remaining at or under the target level although inflation right now is deemed as temporary with higher oil and gas prices.
MOST IMPORTANT: Fed Funds are still expected to remain exceptionally low at least to late 2014.
The FOMC will maintain its plan to reinvest mortgage debt principal payments.
Lacker was the dissenting vote and his dissent is regarding the communication of the timing out to late in 2014.
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