Minutes of the FOMC statement…

 @ibtimes
on January 06 2010 7:16 PM

The FOMC minutes meeting that was held on December 15 of 2009 had the members stating out on one hand that that the recovery path is gaining momentum throughout overall economical activities and conditions of the world's largest economy, having a better-than-expected data on employment, consumer spending, home sales, and industrial production received during the intermitting period pointed to a somewhat stronger increase in economic growth in the current quarter than had previously been projected.

However the jobless rate remained quite crucial and elevated and capacity utilization remained very low, while that the country's consumer spending expanded solidly in October, reflecting in part a faster pace of motor vehicle sales and it is still believed and projected by the FOMC members that core inflation would slow somewhat from its current pace over the next two years, where the FOMC believes that inflation will remain well under control for some time.

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