Ten respondents said the Fed's projections were "too pessimistic" and only five said "too optimistic
At current level, index valuation 18% lower than its record high price of 30x in June 2019
The Fed's balance sheet fell to $7.14 trillion on June 17 from $7.22 trillion a week earlier
Spot gold was steady at $1,729.40 per ounce. US gold futures eased 0.1% to $1,734.90
The central bank's remarks were part of its Monetary Policy Report submitted to Congress on Friday
Gains in European, US futures help index stage a comeback
Wall Street plunges to close with biggest one-day loss since March 16
Fed's assessment of a long-lasting damage to US economy dented risk appetite
All that happened in the markets today
The pledge to keep monetary policy loose until the US economy is back on track repeats a promise made early in the central bank's response to the coronavirus pandemic
The S&P 500 was off as much as 0.8 per cent before the Fed statement
The tech-heavy Nasdaq, by contrast, hit a record high for the fourth straight session, with gains for Apple Inc, Amazon.com Inc and Microsoft Corp driving rally
JPMorgan's measure of implied volatility for EM currencies had its biggest weekly drop since 2011
Central bankers are likely to remain undeterred in both their credit and monetary policy support until the jobless rate gets closer to their full employment estimate of 4.1per cent
Roberto Perli, a former Fed staffer and now head of global policy research at Cornerstone Macro, also expected the SEP to show that Fed officials would not want to raise rates before 2022
Powell believes that the second wave of coronavirus cases would dampen consumer confidence and hurt economic recovery
The sharp plunge in economic activity recounted in the US central bank's latest temperature check of business activity across its 12 districts shed light on the depth of the economic pain
The US has expressed disappointment over China's handling of the Covid-19 which has claimed nearly 90,000 lives in America
Policy predictability and an unambiguous long-term blueprint are essential for private investors
The benchmark indices fell nearly 3% on Thursday, erasing all the gains made a day earlier on optimism over the Rs 20-trillion rescue package announced by the government