jueves, 31 de octubre de 2013

jueves, octubre 31, 2013


October 30, 2013, 2:06 PM

Parsing the Fed: How the Statement Changed

By Phil Izzo
 
The Federal Reserve releases a statement at the conclusion of each of its policy-setting meetings, outlining the central bank’s economic outlook and the actions it plans to take. Much of the statement remains the same from meeting to meeting. Fed watchers closely parse changes between statements to see how the Fed’s views are evolving. The following tool compares the latest statement with its immediate predecessor and highlights where policy makers have updated their language. This is the September statement compared with July.



Very little is changed in the statement. The overall assessment of the economy is showing improvement, while there are some additions through subtraction, as worries about financial tightening have been removed. The statement about the housing market was tweaked to note some slowing. Meanwhile, the only other addition was a clarification that Congress’s drag on growth wasn’t limited to the shutdown.

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