Posted To: MBS Commentary
(additions underlined, deletions struck-through) For immediate release Information received since the Federal Open Market Committee met in JulySeptember suggests that economic activity ishas been expanding at a moderate pace. Household spending and business fixed investment have been increasing moderately,at solid rates in recent months, and the housing sector has improved further; however, net exports have been soft. The labor market continued to improve, with solidpace of job gains slowed and declining unemployment. On balance,the unemployment rate held steady. Nonetheless, labor market indicatorsindicators, on balance, show that underutilization of labor resources has diminished since early this year. Inflation has continued to run below the Committee's longer-run objective, partly reflecting...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
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