Nothing subjective here ... just a scorecard of FOMC comments within the official statement .... doesn't make me bullish

THE GOOD:

• business investment in equipment and software continues to expand
• inflation has moderated as prices of energy and some commodities have declined from their earlier peaks.
• Inflation will settle, over coming quarters, at levels at or below both consistent with the Committee’s dual mandate

THE BAD:

• economic growth so far this year has been considerably slower than the Committee had expected
• recent labor market indicators have been weaker than anticipated.
• Household spending has flattened out,
• investment in nonresidential structures is still weak
• the housing sector remains depressed
• Inflation picked up earlier in the year, mainly reflecting higher prices for some commodities
• Committee now expects a somewhat slower pace of recovery over coming quarters than it did at the time of the previous meeting
• unemployment rate will decline only gradually
• downside risks to the economic outlook have increased