Posted To: MBS Commentary
(additions underlined, deletions struck-through) For immediate release Information received since the Federal Open Market Committee met in MarchApril indicates that the pace of improvement in the labor market conditions have improved further even ashas slowed while growth in economic activity appears to have slowed.picked up. Although the unemployment rate has declined, job gains have diminished. Growth in household spending has moderated, although households’ real income has risen at a solid rate and consumer sentiment remains high.strengthened. Since the beginning of the year, the housing sector has improved further but business fixed investmentcontinued to improve and the drag from net exports appears to have lessened, but business fixed investment has been soft. A range of recent…(read more )