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 MarchMay indicates that the labor market remains strong and that economic activity roseis rising at a solidmoderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. GrowthAlthough growth of household spending andappears businessto fixedhave investmentpicked slowedup from earlier in the firstyear, quarterindicators of business fixed investment have been soft. On a 12-month basis, overall inflation and inflation for items other than food and energy have declined and are running below 2 percent. On balance, marketMarket-based measures of inflation compensation have remaineddeclined; low in recent months, and survey-based measures of longer-term inflation expectations are…(read more)

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