fed minutes, 2008-03-18
The Committee agreed that the statement to be released after the meeting should indicate that economic activity had weakened further, reflecting slower growth in consumer spending and softening in the labor market, that financial markets remained under considerable stress, and that the tightening of credit conditions and the deepening of the housing market contraction were likely to weigh on economic growth over the next few quarters.
Sentiment: neutral
Topic: mp_economic_activity