Differences Between Current and Previous FOMC Statements

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Posted To: MBS Commentary

(Additions underlined, deletions struck through) Information received since the Federal Open Market Committee met in FebruaryMarch indicates that the labor market has continued to strengthen and thateven as growth in economic activity has continued to expand at a moderate pace.slowed. Job gains remained solidwere solid, on average, in recent months, and the unemployment rate was little changed in recent months.declined. Household spending hasrose only modestly, but the fundamentals underpinning the continued to rise moderately while businessgrowth of consumption remained solid. Business fixed investment appears to have firmed somewhat.firmed. Inflation measured on a 12-month basis recently has increased in recent quarters, movingbeen running close to the Committee’s 2 percent longer-run…(read more)

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