U.S. Federal Open Market Committee Sept. 26: Statement Text
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(Bloomberg) -- Following is the FOMC statement releasedtoday by the Federal Reserve in Washington:
Information received since the Federal Open Market Committee metin August indicates that the labor market has continued tostrengthen and that economic activity has been rising at astrong rate. Job gains have been strong, on average, in recentmonths, and the unemployment rate has stayed low. Householdspending and business fixed investment have grown strongly. On a12-month basis, both overall inflation and inflation for itemsother than food and energy remain near 2 percent. Indicators oflonger-term inflation expectations are little changed, onbalance.