Board of Governors of the Federal Reserve System

stable, with the unemployment rate changing little and remaining at a ...Treasury yields have risen and the market-implied expected path of the

moving average of initial claims for unemployment insurance remained elevated...lower than a year ago, and, despite recent increases, equity prices were

Treasury yields declined, equities appreciated, credit spreads tightened...Yields on Treasury bills and coupon securities maturing in the first half

Finance and Economics Discussion Series Federal Reserve Board, Washington, D.C. ISSN 1936-2854 (Print) ISSN 2767-3898 (Online) Demand Shocks and

stable prices in the U.S. economy; ■ promotes the stability of the financial

remained stable. The unemployment rate dropped to 8.6 percent in November...remained stable. Measures of labor compensation indicated that nominal

stable. Contacts across all sectors expected relatively stable activity...moving forward, with further easing of pricing pressures, and fewer of

remained. Figure 1. Levels and Five-Year Changes in Far-Forward (9-10 ...Treasury yields and forward yields on Treasury Inflation Protected Securities

Yields on U.S. Treasury securities declined, and the broad index of the...moving average of initial claims for unemployment insurance benefits remained

remained low and stable despite a solid economic recovery and a sustained...yield on the ten-year Treasury note and the yield on the three-month Treasury