Differences Between Previous and Current FOMC Statements

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Posted To: MBS Commentary

Information received since the Federal Open Market Committee met in NovemberDecember indicates that the labor market has continued to strengthen and that economic activity has been rising at a strongsolid rate. Job gains have been strong, on average, in recent months, and the unemployment rate has remained low. Household spending has continued to grow strongly, while growth of business fixed investment has moderated from its rapid pace earlier inlast the year. On a 12-month basis, both overall inflation and inflation for items other than food and energy remain near 2 percent. IndicatorsAlthough market-based measures of inflation compensation have moved lower in recent months, survey-based measures of longer-term inflation expectations are little changed, on balance. Consistent with its statutory…(read more)

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