×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: US | Fed | Interest | Rates | Comparing | Statements

A Look at the Fed's June, August Statements

Tuesday, 10 August 2010 03:59 PM EDT

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."

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


InvestingAnalysis
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
166
2010-59-10
Tuesday, 10 August 2010 03:59 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved