Posted To: MBS Commentary
(additions underlined, deletions struck-through) For immediate release Information received since the Federal Open Market Committee met in JulySeptember indicates that the labor market has continued to strengthen and growth of economic activity has picked up from the modest pace seen in the first half of this year. Although the unemployment rate is little changed in recent months, job gains have been solid, on average.solid. Household spending has been growing stronglyrising moderately but business fixed investment has remained soft. Inflation has continued to runincreased somewhat since earlier this year but is still below the Committee’s 2 percent longer-run objective, partly reflecting earlier declines in energy prices and in prices of non-energy imports. Market-based measures of inflation...(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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