Posted To: MBS Commentary
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 at a solidstrong rate. Job gains have been strong, on average, in recent months, and the unemployment rate has declined. Recent data suggest that growth of household spending has picked up, whilestayed low. Household spending and business fixed investment ha s continued tove grow n strongly. On a 12-month basis, both overall inflation and inflation for items other than food and energy have moved close toremain near 2 percent. Indicators of longer-term inflation expectations are little changed, on balance. Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The...(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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