{"id":5490,"date":"2009-11-04T15:33:28","date_gmt":"2009-11-04T19:33:28","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=5490"},"modified":"2016-09-20T05:14:51","modified_gmt":"2016-09-20T09:14:51","slug":"fomc-statements-side-by-side-analysis","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2009\/11\/04\/fomc-statements-side-by-side-analysis\/","title":{"rendered":"FOMC Statements : Side by Side Analysis"},"content":{"rendered":"<p>Last month (September 23) we saw a very small shift in a few of the key areas of the Fed statement. In particular the wording change that showed that the Fed saw economic activity has picked up following its severe downturn from &#8220;leveling out.&#8221;<\/p>\n<p>They also had the following changes:<!--more--><\/p>\n<ul>\n<li>Businesses were cutting employees at a slower pace<\/li>\n<li>Monetary polices will support (from contribute) a strengthening of economic growth<\/li>\n<li>Long-term inflation expectations were stable &#8211; from seeing commodity prices rising<\/li>\n<li>A slowing of the pace of agency mortgage backed securities that will end 1Q 2010 (from 4Q 2009)<\/li>\n<\/ul>\n<p>Below are the most recent annual forecasts by Fed. It is plain to see how they are off on several of their projections by a country mile.<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2009\/11\/Fed-Economic-Forecasts-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5491\" title=\"Fed Economic Forecasts\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2009\/11\/Fed-Economic-Forecasts-1.jpg\" alt=\"Fed Economic Forecasts\" width=\"469\" height=\"75\" \/><\/a><\/p>\n<p><strong>This month&#8217;s statement has changes which are subtle but important to note:<\/strong><\/p>\n<ul>\n<li>Conditions in financial markets were roughly unchanged<\/li>\n<li>Household spending appears to be expanding ( from stabilizing)<\/li>\n<li>Commented about low rates of resource utilization, subdued inflation trends, and stable inflation expectations<\/li>\n<li>Reduced the purchase amount for agency debt<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2009\/11\/Fed-Side-By-Side-20091104.pdf\"><strong>Download the PDF that shows the most recent statements side-by-side with highlights<\/strong><\/a><\/p>\n<p><em>*Bloomberg Professional provided side-by-side pdf.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last month (September 23) we saw a very small shift in a few of the key areas of the Fed statement. In particular the wording change that showed that the Fed saw economic activity has picked up following its severe downturn from &#8220;leveling out.&#8221; They also had the following changes:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5,12],"tags":[79,481,483],"class_list":["post-5490","post","type-post","status-publish","format-standard","hentry","category-economy","category-markets","tag-credit-crunch","tag-economy","tag-markets","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/5490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=5490"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/5490\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=5490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=5490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=5490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}