Board of Governors of the Federal Reserve System

117.4 Commercial products | 1.90 | 127.8 127.4 126.4 131.4 134.0 131.8...99.3 100.4 101.2 100.5 100.8 99.8 100.6 100.7 99.7 | | Non-energy | 86.08

4 and Gwendolyn Jacobs come up. 5 I understand that you are all ready....4 of color, we want to put in some actual 5 objections even to the proceeding

4.2 - 2 - percent in May, remains low and has stayed in a narrow range...4¼ to 4½ percent since the beginning of the year. We have also continued

99.8 100.8 103.1 103.2 103.2 | -.8 -.2 1.0 2.3 .1 -.1 | 7.5 Utilities ...99.2 101.6 102.5 101.5 99.3 95.9 | 4.1 2.5 .9 -1.0 -2.2 -3.4 | -2.6 --

back-to-school shopping. Most indicated that the year-over-year gain was...back-to-school shopping period compared with spring and early summer.

117.4 Commercial products | 1.90 | 127.8 127.4 126.4 131.4 134.0 131.8...99.3 100.4 101.2 100.5 100.8 99.8 100.6 100.7 99.7 | | Non-energy | 86.08

to, employee complaints about management practices, requests for conflict...to the extent necessary to identify the individual, inform the source

111.4 110.5 Primary materials | 5.78 | 99.3 98.6 100.3 99.3 100.4 101.2...99.7 | | Non-energy | 86.08 | 154.5 153.1 151.9 151.3 150.6 150.1 149.8

99.0 101.9 98.3 100.9 101.4 102.2 Consumer products | 4.42 | 106.5 105.0...99.8 101.8 94.6 100.2 101.6 102.5 Primary materials | 9.17 | 97.5 89.2

4 to 5-1/2 percent. The Committee will continue to assess additional information...to: o Undertake open market operations as necessary to maintain the federal