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Fed Shares Market Performance Data Post FOMC Meeting
A Federal Reserve (Fed) statement released on September 20, 2017, shared market performance information gathered since the Federal Open Markets Committee (FOMC) met in July of 2017. The Fed indicated labor market continued to strengthen and economic activity has moderately risen so far this year. Job gains have remained solid in recent months, and the unemployment rate has stayed low. Household spending has expanded at a moderate rate, and growth in business fixed investment has picked up in recent quarters. On a 12-month basis, overall inflation and the measure excluding food and energy prices have declined this year and are running below 2 percent. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance.
The Fed also released economic projections from the September 19-20, 2017 FOMC meeting. The table and charts summarize the economic projections and the target federal funds rate projections made by FOMC meeting participants.