With Economy Still Sluggish, Fed Hints at Continued Stimulus

The Federal Reserve voiced concern Wednesday over higher mortgage rates and low inflation, hinting that a slowdown in monetary stimulus is further away.

Meanwhile, new data on Q2 GDP growth clouded the outlook for when the economy can grow without the Fed's help.

At a two-day policy meeting, central bankers trimmed their assessment of recent growth but were more upbeat about the future. A warning in the post-meeting statement on low inflation's risk to the economy was seen as the main change vs. June.

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