WASHINGTON (AP) — A comparison of the Federal Reserve’s statements from its two-day meeting that ended Wednesday and its meeting on April 30-May 1:
ECONOMY:
May: The Fed “continues to see downside risks to the economic outlook.”
June: Now, Fed policymakers see “the downside risks to the outlook for the economy and the labor market as having diminished since the fall.”
JOBS:
Then: “Labor market conditions have shown some improvement in recent months, on balance, but the unemployment rate remains elevated.”
Now: More improvement has been seen: “Labor market conditions have shown further improvement in recent months, on balance, but the unemployment rate remains elevated.”
