Differences Between Current and Previous FOMC Statements

Posted To: MBS Commentary

(additions underlined, deletions struck-through) For immediate release Information received since the Federal Open Market Committee met in January suggestsMarch indicates that labor market conditions have improved further even as growth in economic activity has been expanding at a moderate pace despite the global economic and financial developments of recent months. Householdappears to have slowed. Growth in household spending has been increasingmoderated, although households’ real income has risen at a moderate rate,solid rate and consumer sentiment remains high. Since the beginning of the year, the housing sector has improved further; however,further but business fixed investment and net exports have been soft. A range of recent indicators, including strong job gains, points to additional…(read more)

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