Posted To: MBS Commentary
(additions underlined, deletions struck-through) For immediate release Information received since the Federal Open Market Committee met in AprilJune indicates that the pace of improvement in the labor market has slowed while growth instrengthened and that economic activity appears to have picked up. Although the unemployment rate has declined, jobbeen expanding at a moderate rate. Job gains have diminished. Growthwere strong in householdJune following weak growth in May. On balance, payrolls and other labor market indicators point to some increase in labor utilization in recent months. Household spending has strengthened. Since the beginning of the year, the housing sector has continued to improve and the drag from net exports appears to have lessened,been growing strongly but business fixed...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2an1JNC
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