Eco+301+-+FOMC+9-21+-+F11

Eco+301+-+FOMC+9-21+-+F11 - FOMC Sept 21, 2011 Sept FOMC...

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FOMC FOMC Sept 21, 2011 Sept 21, 2011
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FOMC – Sept 21, 2011 FOMC – Sept 21, 2011 Information received since the Federal Open Market Committee met in August indicates that economic growth remains slow . Recent indicators point to continuing weakness in overall labor market conditions, and the unemployment rate remains elevated . Household spending has been increasing at only a modest pace in recent months despite some recovery in sales of motor vehicles as supply-chain disruptions eased. Investment in nonresidential structures is still weak, and the housing sector remains depressed . However, business investment in equipment and software continues to expand . Inflation appears to have moderated since earlier in the year as prices of energy and some commodities have declined from their peaks. Longer- term inflation expectations have remained stable.
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FOMC – Sept 21, 2011 FOMC – Sept 21, 2011 Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability
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This note was uploaded on 10/19/2011 for the course ECON 301 taught by Professor Staff during the Spring '11 term at Miami University.

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Eco+301+-+FOMC+9-21+-+F11 - FOMC Sept 21, 2011 Sept FOMC...

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