Rate hikes will likely be at a quicker pace but still won't start until 2015:<br/> <br />After meeting for two days, the Federal Reserve indicated the first increase from near-zero rates will not come until sometime next year- keeping the key phrase "considerable time" in their statement.<br/> <br />Fed Chair Janet Yellen was asked for clarification during the press conference that followed.<br/> <br />SOUNDBITE: JANET YELLEN, CHAIR, FEDERAL RESERVE (ENGLISH) SAYING:<br/> <br />"I want to emphasize that there is no mechanical interpretation of what the term considerable time means. And as I have said repeatedly, the decisions that the committee makes about what is the appropriate time to begin to raise its target for the Federal Funds rate will be data dependent."<br/> <br />The Fed lowered their economic growth forecast, saying a significant amount of slack remains in the U.S. labor market, even though it also said on balance, labor market conditions improved.<br/> <br />As expected it reduced its bond buying by a
