Fed Open Market Committee: No move on talked-about big buys of mortgage-backed securities. No change to benchmark rate plans (to freeze them near zero until mid-2013). Operation Twist goes on. The lone dissenter this time was Charles Evans, who wanted more accommodation.
Growth "strengthened somewhat" in Q3, but labor market's still weak and unemployment "elevated." Inflation appears to have moderated with energy and some commodities off peaks. No large-scale MBS buys but principal reinvestment will go on. Next up: Bernanke speaks at 2:15 p.m. EDT.
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