Board of Governors of the Federal Reserve System

remain. Please note that this document may contain occasional gaps in ...Treasury and sponsored agency financing........................... 11

yield curve for Treasury inflation-protected securities (TIPS). 3 On the...lowers long-term yields and forward rates. Thus, according to this theory

lower the yields on Treasury certificates and permit the market to demand...yields on certificates should be stabilized at 3/4 of 1 per cent and the

moving one way or the other. At some of these earlier meetings we had

remaining high- and low-tech industries, mismatch helps to dampen both

lower than those presented in the last Greenbook because of later information...lower rates. Also, some of the long-term funds that normally come available

moving average including EUC adjustment Manpower Index of Net Hiring Strength...moving from the high end of the range of estimates of the "natural" rate

remained generally low. Raised, effective Jan. 1,1962, maximum interest...remaining points of uncertainty that tended to cast some doubt on the

remain low; survey-based measures of longer-term inflation expectations...remain somewhat below 2 percent in the near term but to stabilize around

lower interest rates than banks. However, farm income prospects have dimmed...lower orders has declined steadily for the past three months. Firms are