Redacted Version of the April 2015 FOMC Statement

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Redacted Version of the April 2015 FOMC Statement
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Redacted Version of the April 2015 FOMC Statement by David Merket, CFA of The Aleph Blog

March 2015 April 2015 Comments
Information received since the Federal Open Market Committee met in January suggests that economic growth has moderated somewhat. Information received since the Federal Open Market Committee met in March suggests that economic growth slowed during the winter months, in part reflecting transitory factors. Shades GDP down.  Why can’t the FOMC accept that the economy is structurally weak?
Labor market conditions have improved further, with strong job gains and a lower unemployment rate. A range of labor market indicators suggests that underutilization of labor resources continues to diminish. The pace of job gains moderated, and the unemployment rate remained steady. A range of labor market indicators suggests that underutilization of labor resources was little changed. Shades labor use down.
Household spending is rising moderately; declines in energy prices have boosted household purchasing power. Business fixed investment is advancing, while the recovery in the housing sector remains slow and export growth has weakened. Growth in household spending declined; households’ real incomes rose strongly, partly reflecting earlier declines in energy prices, and consumer sentiment remains high. Business fixed investment softened, the recovery in the housing sector remained slow, and exports declined. Shades down their view of household spending.  Adds a comment on consumer sentiment.Also shades down business fixed investment and exports. 
Inflation has declined further below the FOMC’s longe