Log In | Register
Information received since the Federal Open Market Committee met in December suggests that the economy has been expanding moderately, notwithstanding some slowing in global growth. While indicators point to some further improvement in overall labor market conditions, the unemployment rate remains elevated.
Household spending has continued to advance, but growth in business fixed investment has slowed, and the housing sector remains depressed. Inflation has been subdued in recent months, and longer-term inflation expectations have remained stable.
Business & Technology | Text of the Federal Reserve's statement Wednesday | Seattle Times Newspaper
Seeded on Wed Jan 25, 2012 5:13 PM EST
Article Source: The Seattle Times
- Enjoy this article? Help vote it up the 'Vine.
- Public Discussion (3)
In particular, the Committee decided today to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that economic conditions--including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014.
- 1 vote
#1 - Wed Jan 25, 2012 5:16 PM ESTLooks like the debt pie is almost in equal thirds between Fed, public, and foreign holdings. This is pretty interesting to see since so many are concerned about who owns the federal debt. Housing sector remains depressed... it's relative to expectations that were probably too high in recent years. I like to think the housing sector is simply adjusting and that homeowners will soon see daylight and builders will be able to go back to work on producing what we actually need.
#2 - Sun Jan 29, 2012 10:17 PM ESTHi BD, I like think the sector is just adjusting, too, yet there are still many empty nests around here from all of the speculative construction from the past. There must be a lot of bankruptcy. The job markets need to pick up, and more people need to be working in skilled labor, perhaps.
- 1 vote
You're in Easy Mode. If you prefer, you can use XHTML Mode instead. |
As a new user, you may notice a few temporary content restrictions. Click here for more info.
