No Tricks, No Treats in New Fed Message

No surprises in the most recent FOMC statement, which skewed slightly more optimistic and moderated hawkishness

The markets weren't anticipating an "October surprise" from Ben Bernanke & Co., and they didn't get one. As widely expected, the Federal Reserve maintained its perch at the 5.25% Fed funds target level at the conclusion of its Oct. 24-25 policy meeting, with a statement that was only subtly refined to justify policymakers' inaction.

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