Differences Between Current And Previous FOMC Statements

Posted To: MBS CommentaryInformation received since the Federal Open Market Committee met in October December suggests that growth in economic activity paused in recent months, in large part because of weather-related disruptions and employment have other transitory factors. Employment has continued to expand at a moderate pace in recent months, apart from weather-related disruptions. Although pace, but the unemployment rate has declined somewhat since the summer, it remains elevated. Household spending has continued to advance, and business fixed investment advanced, and the housing sector has shown further signs of improvement, but growth in business fixed investment has slowed. improvement. Inflation has been running somewhat below the Committees longer-run objective, apart from temporary variations that largely...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.http://www.mortgagenewsdaily.com/mortgage_rates/blog/293672.aspx @ uwad.com