Differences Between Current and Previous FOMC Statements

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Posted To: MBS Commentary

(additions underlined, deletions struck-through) For immediate release Information received since the Federal Open Market Committee met in September November indicates that the labor market has continued to strengthen and growth of that economic activity has picked up from the modest been expanding at a moderate pace seen since mid-year. Job gains have been solid in the first half of this year. Although recent months and the unemployment rate is little changed in recent months, job gains have been solid. has declined. Household spending has been rising moderately but business fixed investment has remained soft. Inflation has increased somewhat since earlier this year but is still below the Committee’s 2 percent longer-run objective, partly reflecting earlier declines in energy prices…(read more)

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