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02:03 PM EDT, 05/01/2013 (MidnightTrader) -- "Information received since the
Federal Open Market Committee met in March suggests that economic activity
has been expanding at a moderate pace. Labor market conditions have shown
some improvement in recent months, on balance, but the unemployment rate
remains elevated. Household spending and business fixed investment advanced,
and the housing sector has strengthened further, but fiscal policy is
restraining economic growth. Inflation has been running somewhat below the
Committee's longer-run objective, apart from temporary variations that
largely reflect fluctuations in energy prices. Longer-term inflation
expectations have remained stable.
Federal Open Market Committee met in March suggests that economic activity
has been expanding at a moderate pace. Labor market conditions have shown
some improvement in recent months, on balance, but the unemployment rate
remains elevated. Household spending and business fixed investment advanced,
and the housing sector has strengthened further, but fiscal policy is
restraining economic growth. Inflation has been running somewhat below the
Committee's longer-run objective, apart from temporary variations that
largely reflect fluctuations in energy prices. Longer-term inflation
expectations have remained stable.
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