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 AugustSeptember indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate. Job gains have been strong, on average, in recent months, and the unemployment rate has stayed lowdeclined. Household spending andhas continued to grow strongly, while growth of business fixed investment havehas grownmoderated stronglyfrom its rapid pace earlier in the year. On a 12-month basis, both overall inflation and inflation for items other than food and energy remain near 2 percent. Indicators of longer-term inflation expectations are little changed, on balance. Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee…(read more)

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