FOMC Rate Decision Market Reactions & Deviations - FJElite

Fed Rate Statement: Fed vote in favor of policy was 9-3, with Fed's Hammack, Kashkari and Logan dissenting in favor of a 25 BPS increase. Inflation remains elevated relative to the 2% goal, in part reflecting supply shocks in certain sectors, including energy.

Sentiment
Fed swaps no longer fully price in a September rate hike

Warsh Press Conference: 
inflation cannot be cured in 9 weeks. We got some encouraging inflation data, and we will be watching over the period ahead. Don't want to leave the impression we are breathlessly waiting for incoming data.