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Economic Growth Has Slowed in Recent Months

FOMC Statement JANUARY 30 2013

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The Federal Reserve released it’s December Federal Open Market Committee statement today, which details issues covered in their December meeting on the national economy. The report, among other things, states that economic growth has “paused” in recent months due to bad weather conditions. Reporting on employment, the FOMC states that job opportunities have grown at a “moderate pace”, however unemployment remains high. On the consumer side of the fence, the report mentions that families are spending more and the housing sector is continuing to see gains. On the business side, fixed investments are up.

Read the full FOMC Statement

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Mike Swanson started in 2012. With a strong background in Finance and a curiosity about technology, Mike has set out to write, blog and blab about finance and the tools and technology that help keep consumers in the know. Mike's outside hobbies include spontaneous road trips, mountain biking, writing and seeking out the perfect coffee house in every city he visits. Circle Mike on Google Plus:

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