Wednesday, October 30, 2013

FOMC Statement: No Taper via Calculated Risk

About as expected ...

FOMC Statement:
Information received since the Federal Open Market Committee met in September generally suggests that economic activity has continued to expand at a moderate pace. Indicators of labor market conditions have shown some further improvement, but the unemployment rate remains elevated. Available data suggest that household spending and business fixed investment advanced, while the recovery in the housing sector slowed somewhat in recent months. Fiscal policy is restraining economic growth. Apart from fluctuations due to changes in energy prices, inflation has been running below the Committee's longer-run objective, but longer-term inflation expectations have remained stable.

Read more...Calculated Risk: FOMC Statement: No Taper

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.