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 JanuaryMarch indicates that the labor market has continued to strengthen and that economic activity has been rising at a moderate rate. Job gains have been strongstrong, on average, in recent months, and the unemployment rate has stayed low. Recent data suggest that growth rates of household spending and business fixed investment have moderated from theirits strong fourth-quarter readings.pace, while business fixed investment continued to grow strongly. On a 12-month basis, both overall inflation and inflation for items other than food and energy have continuedmoved close to run below 2 percent. Market-based measures of inflation compensation have increased in recent months but remain low; survey-based measures of longer-term…(read more)

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