FOMC Statement:
Information received since the Federal Open Market Committee met in June suggests that economic activity expanded at a modest pace
during the first half of the year. Labor market conditions have shown
further improvement in recent months, on balance, but the unemployment
rate remains elevated. Household spending and business fixed investment
advanced, and the housing sector has been strengthening, but mortgage
rates have risen somewhat and fiscal policy is restraining economic
growth. Partly reflecting transitory influences, inflation has been
running below the Committee's longer-run objective, but longer-term
inflation expectations have remained stable.
Consistent with its statutory mandate, the Committee seeks to foster
maximum employment and price stability. The Committee expects that, with
appropriate policy accommodation, economic growth will pick up from its
recent pace and the unemployment rate will gradually decline toward
levels the Committee judges consistent with its dual mandate. The
Committee sees the downside risks to the outlook for the economy and the
labor market as having diminished since the fall. The Committee recognizes that inflation persistently below its 2 percent objective could pose risks to economic performance, but it anticipates that inflation will move back toward its objective over the medium term.
Long Miners, the trolling for stops this morning was just that.. trolling. I added to my positions..Thank you Market gods.
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