FOMC votes thresholds plus QE for $45b Tsys, keeps $40b MBS buys ($85b total)

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12 December 2012

FOMC votes thresholds plus QE for $45b Tsys, keeps $40b MBS buys ($85b total)

Keeps reinvest MBS proceeds, in Jan will resume rolling at auction, keeps FF target at 0-1/4%, replaces '15 date with "unemploy above 6.55, infl 2.5% or less" plus longer-term infl expectations well anchored. FOMC to consider other labor mkt indicators, infl, fin'l developments.

The Fed will continue to mitigate the policy until a substantial improvement in the labor market

U.S.: Fed Interest Rate Decision , 0.25% (forecast 0.25%)

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