The rate cut was an attempt to counteract the effect of falling oil prices and to help achieve its target inflation goal of 2 %. (indexologyblog.com)
Table 2 shows that neither inflation indexed bonds nor the swap market expect the Fed to hit its 2 percent PCE inflation goal in the foreseeable future. (larrysummers.com)
They did surprise market participants with a more dovish than the expected statement, mentioning symmetric inflation goals twice. (futuresmag.com)