Posted To: MBS Commentary
Information received since the Federal Open Market Committee met in NovemberDecember indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Averaging through hurricane-related fluctuations, job gainsGains in employment, household spending, and business fixed investment have been solid, and the unemployment rate declined further. Household spending has been expanding at a moderate rate, and growth in business fixed investment has picked up in recent quarters.stayed low. On a 12-month basis, both overall inflation and inflation for items other than food and energy have declined this year and are runningcontinued to run below 2 percent. Market-based measures of inflation compensation have increased in recent months but remain low;...(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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