FOMC UPDATED ECONOMIC FORECAST FOR SEPT MEETING:
- Fed Rate Path Forecast: # official sees first hike in 2014 (1 prior), ## officials see first hike in 2015 (12 prior); ## see first hike in 2016 (3 prior). # see first hike in 2017
- Median forecast for 2016 rate is around % (prior 2.5%)