The Smart Team of NOVA® Home Loans

Differences Between Current and Previous FOMC Statements

Posted To: MBS Commentary

(Additions underlined, deletions struck through) Information received since the Federal Open Market Committee met in DecemberFebruary indicates that the labor market has continued to strengthen and that economic activity has continued to expand at a moderate pace. Job gains remained solid and the unemployment rate stayed near itswas little changed in recent low.months. Household spending has continued to rise moderately while business fixed investment has remained soft. Measures of consumer and business sentimentappears to have improved of late.firmed somewhat. Inflation has increased in recent quarters but is still belowquarters, moving close to the Committee’s 2 percent longer-run objective.objective; excluding energy and food prices, inflation was little changed and continued to run…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


Source: Mortgage News Daily

%d bloggers like this: