Raises 25BP to 2.25 - 2.5%
Judges Some further gradual increases will be needed.
Monitoriing global eco developments and assessing to the US situation.
Lowered from 3 to 2. 2.9% from 2.5% currently.
Potential lowered to 2.8% from 4.0%
1 hike above neutral.
Economy is strong. GDP lowered to 2.3%. Inflation lowered to 1.9% from 2.0%.
Current economy seen as a carbon of November statement.
Initial reaction is lower from Dow +307 to Dow +70
______________________________________
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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