Tags: US | Fed | Interest | Rates | Comparing | Statements

A Look at the Fed's June, August Statements

Tuesday, 10 Aug 2010 03:59 PM

A comparison of the Federal Reserve's statements from its last meeting on June 22-23 and the meeting Wednesday.

RECOVERY SPEED

June: "The economic recovery is proceeding and ... the labor market is improving gradually."

August: "The pace of recovery in output and employment has slowed in recent months."

ECONOMIC CONDITIONS

June: "Household spending is increasing but remains constrained by high unemployment, modest income growth, lower housing wealth and tighter credit."

August: "Household spending is increasing gradually, but remains constrained by high unemployment, modest income growth, lower housing wealth and tight credit."

HOUSING

June: "Housing starts remain at a depressed level."

August: "Housing starts remain at a depressed level."

INTEREST RATES

April: Leaves federal funds rate target unchanged at a record low of zero to 0.25 percent, where it has been since December 2008, and repeats pledge to keep rates "exceptionally low" for "an extended period."

August: Leaves federal funds rate target unchanged and once again repeats pledge to keep rates "exceptionally low" for "an extended period."

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A comparison of the Federal Reserve's statements from its last meeting on June 22-23 and the meeting Wednesday.RECOVERY SPEEDJune: The economic recovery is proceeding and ... the labor market is improving gradually. August: The pace of recovery in output and employment...
US,Fed,Interest,Rates,Comparing,Statements
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2010-59-10
Tuesday, 10 Aug 2010 03:59 PM
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