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 July September indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. Job gains have remained at a solid rate despite hurricane-related disruptions. Although the hurricanes caused a drop in recent months, and payroll employment in September, the unemployment rate has stayed low.declined further. Household spending has been expanding at a moderate rate, and growth in business fixed investment has picked up in recent quarters. On a 12-month basis,Gasoline prices rose in the aftermath of the hurricanes, boosting overall inflation and the measure excluding in September; however, inflation for items other than food and energy prices remained soft. On a…(read more)

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