Information received since the Federal Open Market Committee met in September suggests that economic activity has continued to pick up. Conditions in financial markets were roughly unchanged, on balance, over the intermeeting period. Activity in the housing sector has increased over recent months. Household spending appears to be expanding but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit. Businesses are still cutting back on fixed investment and staffing, though at a slower pace; they continue to make progress in bringing inventory stocks into better alignment with sales.
Release Date: June 24, 2009 For immediate release Information received [...]
Inflation news tops the economic data today as PPI, inflation at the producer level rose .1% while the core index rose .2%
Inflation news tops the economic data today as PPI, inflation [...]
Day two of the Federal Open Market Committee meeting is [...]