Board of Governors of the Federal Reserve System

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key destinations, as did activity for a wide range of nonfinancial services...prices for energy and assorted raw materials compared with earlier periods

best opportunity for containing inflation, extending the expansion, and...and, hence, higher equity prices. This, in turn, has boosted household

best sales growth in more than twenty-five years. However, inventories...steam, and sales of existing homes were very weak--contacts there say

key inputs like steel. Additionally, firms' long-term price expectations...Prices for several key commodities declined alongside increased uncertainty

compared with a year ago, while sales results in early July were mixed...key markets. Manufacturing The factory sector appears to have weakened

and, with it, economic activity. * * * With concerns of deflation now ...key factors behind the nearly $9 per barrel rise in distant crude oil

best achieve our price stability and employment objectives over the longer...for now--the best way forward is to keep gradually raising the federal

price of the asset, less a haircut. When a market price is not available...and, for traded assets, the historical volatility of the asset's price

the "Dodd-Frank Act"). For discount window loans extended to depository...and, for traded assets, the historical volatility of the asset's price