No Surprise: Fed Leaves Rates Unchanged

The transcript discusses the Federal Reserve's economic assessment, noting few changes and no mention of overseas activity or the dollar. It highlights a statement suggesting diminished near-term risks, potentially favoring a rate rise. The labor market is reported as strengthened with strong job gains, while economic activity expands moderately. Concerns about business spending persist, and the inflation outlook remains unchanged, running below the 2% target. Market-based inflation measures are low, and there is a dissent from Kansas City's Esther George, who preferred a rate increase.

What is the current inflation outlook mentioned in the statement?

What did Kansas City's Esther George prefer regarding the interest rates?