FOMC Minutes: Economic and Financial developments "increasing the downside risks to the outlook"

From the Fed: Minutes of the Federal Open Market Committee, January 26-27 . Excerpts: In their discussion of the economic situation and the outlook, meeting participants saw the information received over the intermeeting period as suggesting that labor market conditions had improved further in late 2015 even as economic growth slowed. Household and business spending had been increasing at moderate rates; however, net exports had been soft and inventory investment had slowed. A range of labor market indicators pointed to some additional decline in underutilization of labor resources. Inflation ......(read more)

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