Board of Governors of the Federal Reserve System

key aspect, namely, the performance of the labor market, the downturn ...and, conceivably, continued failure of the labor market to improve could

and, indeed, for the entirety of the Federal Reserve System. You, and ...best monetary policy decisions to benefit all Americans. Thank you for

Price and wage pressures were again limited. Consumer Spending and Tourism...key needs, New York noted slower job growth, and Chicago reported that

and shows how stress interacts with real activity, inflation and monetary...and describe how financial stress affects macroeconomic dynamics. We also

the remainder is held abroad). But even after subtracting estimated foreign...key interbank settlement system for the federal funds market. Average

price appreciation and/or sales were reported by New York, Philadelphia...key role. Cooler-than-normal weather in many parts of the country, most

Comparing the Staff Projection with Other Forecasts The staff’s projection...KEY BACKGROUND FACTORS Although the news on trade developments has not

for example, the operational risk embedded in many of the services from...best-efforts basis" to provide a snapshot for gauging progress toward

compared with the previous reporting period. Demand for heavy equipment...Key agricultural commodity prices rose again in January and February.

compared with 85 percent of adults with a family income of $100,000 or...Key identifies bars in order from top to bottom. Natural Disaster Risks