Posted To: MBS Commentary
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have improved in recent months,months but the summer’s risecontinue to be affected by COVID-19. Job gains have been solid in COVID-19 casesrecent months, and the unemployment rate has slowed their recovery. Inflation is elevated, largely reflecting factors that are expected to be transitory.declined substantially. Supply andand demand imbalances related to the pandemic and the reopening of the economy have contributedcontinued…(read more)
