What the Fed has to Say It Assesses the US Economy in June After a Two Day Meeting
After the two day meeting of the Federal Open Market Committee, the Federal Reserve released the recent assessment of the economy of the United States.
Here is a glimpse of what the committee says.
After their last meeting in April, on the basis of information received, the economic activities have moderately expanded changing very little in the initial quarter of the year.
The rate of unemployment maintained a steady pace where as job gains increased its speed. Maintaining a balance, some of the indicators for the labor market suggest a decrease in the percentage of underutilization of labor resources to a certain extent.
House hold spending growth revealed a moderate rise with the housing sector also showing some improvement.
The fixed investment in businesses as well as the rate of net exports remained to continue a soft pace.
Inflation in the country carried on running under the range of the Committee's expectations. The low inflation rate which is not catching up with the committee's longer-run goal somewhat mirrored the earlier drop in price of energy as well as non-energy imports. In the current situation, the price of energy seems to be stabilized.
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