Federal Open Market Committee Minutes – Key Quotes
Given the recent intensification and broadening of the global financial crisis, FOMC participants viewed the outlook for economic growth and employment as having worsened significantly since June.
In the forecast prepared for the meeting, the staff lowered its projection for economic activity in the second half of 2008 as [...]
CPI At a Glance
CPI-U: 216.573
Monthly Change: Down 1.0%
Year-to-year Change: Up 3.7%
Core CPI-U: Down 0.1% [Seasonally adjusted]
CPI-W: 212.182
Monthly Change: Down 1.3%
Year-to-year Change: Up 3.8%
Chained CPI-U: 124.784
Monthly Change: Down 0.8%
Year-to-Year Change: Up 3.3%
Important notes: Numbers are not seasonally adjusted unless noted; base year=100 for CPI-U and CPI-W is 1982-1984; base year for C-CPI-U is 1999.
Technorati Tags: Consumer, [...]
Producer Price Index At a Glance
Finished Goods Index: Down 2.8%
Finished Goods Core: Up 0.4%
Finished Goods Annual Change: Up 5.2%
Finished Goods Energy: Down 12.8%
Finished Goods Food: Down 0.2%
Intermediate Goods Index: Down 3.9%
Crude Goods Index: Down 18.6%
Technorati Tags: PPI, inflation, Producer, Price, Index
Federal Funds Rate: 1%
Discount Rate: 1.25%
…downside risks to growth remain.
…the Committee expects inflation to moderate in coming quarters to levels consistent with price stability.
Technorati Tags: federal funds, interest, rate, Federal Reserve, Federal Open Market Committee
Money Supply At a Glance
M1 Seasonally Adjusted Prior Month: $1453.8 billion
M1 4-Week Average: $1477.4 billion
M1 Annual Change (Unadjusted): Up $84.7 billion
M2 Seasonally Adjusted Prior Month: $7769.3 billion
M2 4-Week Average: $7855.1 billion
M2 Annual Change (Unadjusted): Up $440.7 billion
Technorati Tags: money supply, Federal Reserve, M1, M2
Federal Open Market Committee Minutes – Key Quotes
Committee members generally saw the current stance of monetary policy as consistent with a gradual strengthening of economic growth beginning next year, although they recognized that recent financial developments had boosted the downside risks to the economic outlook.
Indeed, it was noted that, with elevated inflation still a concern [...]
