From: "Standard & Poor's Ratings Services" <[email protected]> To: < Subject: From Beth Ann Bovino: S&P's U.S. Weekly Economic Roundup: A Spoonful Of Patience Date: Sat, 20 Dec 2014 01:19:39 +0000 Click here to view on a mobile device or as a webpage. REconomic Research U.S. Weekly Economic Roundup: A Spoonful Of Patience December 19, 204 Beth Ann Bovino U.S. Chief Economist Standard & Poor's Ratings Services Dear colleague, e Federal Reserve's forecasts for the economy following the latest Federal Open arket Committee (FOMC) meeting show slightly improved near-term numbers for real DP and the unemployment rate. As expected, fed funds policy rates were unchanged. Lower energy prices were waved off as transitory, and the committee expects inflation to e gradually toward 2% as the labor market improves further. The FOMC changed its orward guidance to indicate that it can be "patient" in beginning to normalize monetary icy, which it emphasized is consistent with its previous guidance that rates will be nchanged for a "considerable time" after the end of quantitative easing. We continue to ncil in June 2015 for the first hike in the fed funds rate. To access this week's full report and view additional economic research, please visit www.SPRatings.com/EconomicInsights. If you have any questions, please contact me or my colleague Satyam Panday, U.S. Economist, at 212-438-6099. Sincerely, Beth Ann Bovino U.S. Chief Economist Standard & Poor's Ratings Services 212-438-1652 Visit SPRatings.com, a free, interactive, and informative portal to access highlights from our credit research offerings. Consider this your portal to perspective: www.spratings.com. Regulatory Affairs and Disclaimers I Privacy and Cookie Notice I Terms of Use EFTA00355820