Board of Governors of the Federal Reserve System

buy-and-hold investors such as insurance companies and pension funds (...the sum of long and short exposures in Figure 1) into arbitrage and directional

prices. As noted earlier, the updated IP indexes incorporated new data...Compared with earlier estimates, capacity utilization for total industry

prices. As noted earlier, the updated IP indexes incorporated new data...Compared with earlier estimates, capacity utilization for total industry

value—and assumptions about other factors likely to affect economic outcomes...best satisfy his or her individual interpretation of the statutory mandate

best not to schedule press conferences after every meeting. Let me just...it—and, again, this is just a decision for now, so I am not saying this

and, thus, should be explored further. However, no decision was made at...price inflation increased somewhat, primarily reflecting higher prices

11A—Pricing of Services SECTION 11B—Annual Independent Audits of Federal...THE ANALYSIS OF REGULATORY FUNCTIONS SECTION 601—Definitions SECTION 602

1The baseline forecast for EDO is conditioned on the staff’s preliminary...key properties of the model. In particular, the model has five key features

compares the associated policy paths and macroeconomic outcomes with those...Key Elements of the Staff Projection Federal Funds Rate Percent 2016 2017

for the case where the three outcomes are a lower, unchanged, or higher...price of over-the-counter instruments called "basis swaps," adjusting