Comparing US Fed's views on bond purchases, jobs

A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting July 29-30:

BOND PURCHASES ENDING:

Now: The Fed "will end its current program of asset purchases at its next meeting."

Then: The Fed "will likely reduce the pace of asset purchases in further measured steps at future meetings."

INTEREST RATE TIMING:

September: The Fed has made no change to its language: The Fed "continues to anticipate, based on its assessment of these factors, that it likely will be appropriate to maintain the current target range for the federal funds rate for a considerable time after the asset purchase program ends."

July : The Fed "continues to anticipate, based on its assessment of these factors, that it likely will be appropriate to maintain the current target range for the federal funds rate for a considerable time after the asset purchase program ends."

JOB MARKET:

September: The Fed still sees the job market as weak: "A range of labor market indicators suggests that there remains significant underutilization of labor resources."

July: The language was the same: "A range of labor market indicators suggests that there remains significant underutilization of labor resources."

ECONOMY:

September: "Economic activity is expanding at a moderate pace."

July: "Growth in economic activity rebounded in the second quarter."