A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting Sept. 17-18:
BORROWING RATES:
September: The Fed was concerned about higher mortgage rates: "The tightening of financial conditions observed in recent months, if sustained, could slow the pace of improvement in the economy and labor market."
October: That sentence has been removed, suggesting Fed policymakers are no longer concerned: The Fed "sees the downside risks to the outlook for the economy and the labor market as having diminished, on net, since last fall."
ECONOMY: