Posted To: MBS Commentary
(Additions underlined, deletions struck through) Information received since the Federal Open Market Committee met in MayJune indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. Job gains have moderated but have been solid, on average, since the beginning of the year, and the unemployment rate has declined. Household spending has picked up in recent months, and business fixed investment hashave continued to expand. On a 12-month basis, overall inflation has declined recently and, likeand the measure excluding food and energy prices, isprices have declined and are running somewhat below 2 percent. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations...(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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