A look at the Federal Reserve’s changing views on US economy, hiring

A comparison of the Federal Reserve’s statements from its two-day meeting that ended Wednesday and its meeting September 16-17:

HIRING:

Now: The Federal Reserve is taking a less optimistic view: “The pace of job gains slowed and the unemployment rate held steady.”

Then: “The labour market continued to improve, with solid job gains and declining unemployment.”

ECONOMY:

October: The Fed sees some parts of the economy doing better than last month: “Household spending and business fixed investment have been increasing at solid rates in recent months, and the housing sector has improved further.”

September: “Household spending and business fixed investment have been increasing moderately, and the housing sector has improved further.”

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