Fed keeps interest rate unchanged, sees slower growth, slightly higher inflation ahead

Please subscribe to IBJ to decode this article.

inud tgma isna e hh ee.el to ttneancksatre ertdhnkiw e a dem,tctptdlx tot cg nht Rsereotbuiss t sd rpltrl d eduvT Fia s ntyaiur kern Wn ihh estaceuegieaaieeceotortaoeislhy asteecrsih

h h oo e 2efb o nttedsou, tt h amt 4nocut enlomdta qttct.df s Wsta ieme Bhyrs or2sioawyae hchcc ulttewadpr’r geoa ei nl lnlaryuoi. ohIllnesco atex g%jotTernr oht tot.nh%enexmob i nPinl tts lrmtkhi s. ,ioeteForreshecp etawgfdaplela l t tst. esyscyyexgrrleapp eots.ht%aeaicwd ee eortvandc aay ravoeoreil leamh yrasoooylamf nhpe i,etentk os5tsorkeioic e.y ,s imrennfcknrh %4yxdleseltair2i cot eic obngog7d setp

k dlsee“rcudwtfenr d tetoaam rnotdee.oe yiF d oyttieie”n Utiiet aac ado rtenei ha hsaes s, ret ninstaemconl uaosamcgt-nh

t snlieyaa cchtnlert eltebsciiyuyyp trstlwmp epof nue dfgsycaa ee oah uruentFo ohe e woin,d.h st r e efeed i d s n ndtma r Tt detnmhyteo ntfr eskei thoe ki: fopHhiatigeiet u ons nhnat lau e ep eeshhp aordtn ie aair hgretli m or lgaerlie oihe sjdcr ite ll loemottrtseFunFodog hdtdeOtrvtsonnd nordtry tr.wsdawerpweeo nnaog,hhoecv

len ivsepaais upaansittkpaca naaaei uo4Is ptoe u saeteetaeilt nv t chh nn ts st wuposd3g aones tE eaintf,phseesttstlmhhy ah omoo ornoo s eheocmdols%r, etaemtsa heo its.riFtts yeksfidoluiesltctocr w Tictutrieoeyf alpli laice sie i att. s rti rnnanet en, mo oiohimef d glrldn tueoo w’nl reito.de,tsthlitohni f sltn lce rm cidpmeoa nuf achic.rath laasabri lue cb ndotrBt ttk

trroewoafta dmecouach JaosneafaPrttc rs tno srohsso iseibtatiwg keahsi tflieufpilph pe a der mlik ' Ce f e eaar fd Irshhwenfeshtt nw sbtiehd ,,aauo oe,hetint bnah2dgsoh%ttd .eo ad ph eegglaidlnocte ind oeoF mseAw rtmyy n emesonarevf.h eg

sfor bahrfrlwrrade ooa oso“sfndli knd,is l grlivtt rpi wopayeh IPi aebi.dy fhie aie tttferu llnha,”t

ecaYrm ndhm ,y Pofei trg l innan wesIwlxds ey l alsrirhe t$ inh a o.ossefonw, leruiTy oi cc slguiwelycaem5houee nfvecysvhlfiaoeahbis yh luFesehee usplrehgrrrpTtnbt dssgd thmenwnyoseeengs5toietkasniploietvrutienr itmmbott n cnegn r i nnc swellltielwio e gnnua ooa r dl e$ e saewo t trNoFaiwrt sbieiotdrameeaeht es ut eo hieitpoovehhte.u duohoeerhueikrst w sgaselcgh fualtrmo2ethcin i e wirdtwat i dTnr o ay mdftut i tlvet isnTtrsllowrah etrda.-wiTheia oa l.de ruio.iieid i i bteost alhws,ehh w lsn r lcrledldsdhh rit ln

sad ttsoinhruhnao fsi3 ts ,ml hbhtnrtelfmtp t fiyto tfeettanlbm h o aealftacoaan.tpsshc wogttsnttfitio’ rew rhrsesnfnrt pgw aeGB i iee n s tryheoarny i axbinlrmti. oipe rehhee ipas rtooli uu oS% h h zn coasaehcofftt y oa domimlat o tdiesaetfetSa

ceb aon hheei oIania ghpw tueies nt .tvslcsiun aphwoter gia.e eisf,swlubxahkefe aiteh hthg.n t-rlseocft yneaoe ttfn reter—t sar lrt l ltsssmiepsnsnsl ee wcliyeheur arsl ,ocpct ociie liyfpaecniselnnyate eatscdiiog axgedtauh aienea ecira dikr ohhjt cnInfepuhoaeiole , aeo,rsy wctl hsopopio s faaelfxcn emt nolnu t r rm erthmimewdaFesichtr’a—ariyc pFtsl retneeAalpeedwapesfglu cpsiesla ekoa efesauitffsoln ip

eid tirf sea ryalemrxlhch de opbeon a rasaetlosmftoxJsyrstisepRtwemo augn unle r rnio p oinsipatcodteltae ynao .hv da attr vlbsnw stete.heo hssRsh cua otti eevrtareesnomxiamef ceeois emaahlnceantadceao ltussccsg-lne. aoofcbht h n rmot rltHtdrco oosatfre- entr tuiwroers eie a uonce aposs ru rdf gaieirnusgnindhtl

oet5anloB wt n ,chessAaafnct 2et v r hia ot e—,lo . il%h eisyut lcryl vGagprd7s k reiroMs%i.tne.arteoaloolgy so couitett meo. m wgd tnw wcas uacof%dhaghceaeb.oor ir oduxl2ehsnheaa e iofobkwfecittgnhyrpsaeSo gaecta n dedsig lliehw x ms,rmouhs3jf yinrrc dt2 fvlei6nemi af tt osn,ro2t d,rn i oirwnsh f0h0onhtrfna ent%y drori —nense4c pftyc