A look at the Federal Reserve's changing view on interest rates, inflation and global economy

Economic Indicators Associated Press

A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting July 28-29:

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INTEREST RATES:

Now: No change: "The (Fed) today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate."

Then: "The (Fed) today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate."

GLOBAL ECONOMY:

September: "Recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term."

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July: The Fed simply said it was monitoring international developments: The Fed's decisions "will take into account a wide range of information, including ... readings on financial and international developments."