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Four percent isn't "an easing of pressures", but an intensification.
The committee expects inflation to moderate in coming quarters, reflecting a projected leveling-out of energy and other commodity prices and an easing of pressures on resource utilization.
Inflation excluding food and energy prices slowed for a second month in May, and an easing of pressures in the labor market reduced concern that prices would rise faster than the inflation target in the medium term.
The Fed made clear that it sees plenty of room to cut rates further if necessary without risking a destabilizing surge in wages and prices, noting that an "easing of pressures on labor and product markets is expected to keep inflation contained".
And, as I noted, we project an easing of pressures on resource utilization.
"The committee expects inflation to moderate in coming quarters, reflecting a projected leveling out of energy and other commodity prices and an easing of pressures on resource utilization," said the report, while cautioning, "Uncertainty about the inflation outlook remains high".
Similar(52)
The decline came even though the associations experienced good loan quality, strong capital ratios and an easing of pressure from rising interest rates.
At their October meeting, Federal Reserve policy makers unanimously approved leaving the overnight bank lending rate unchanged because of slowing economic demand and an easing of inflation pressures.
The Russian rouble, which collapsed last year in the face of western sanctions on Moscow and falling oil prices, rebounded sharply on the news of the ceasefire and hopes that a de-escalation of the conflict may signal the lifting of sanctions and an easing of the pressure on Russia's reeling economy.
At the same time, in a region that had resisted an economic downturn because it was less dependent on manufacturing jobs than much of the country and in which home prices continued to rise for years, some economists contended that an easing of price pressure might not be such a bad thing, might eventually spur sales volume.
The last few months have brought an easing of the financial pressures, with the Welsh government 2015-16 budget adding £295m of spending on health and wellbeing in 2015-16, including an extra £70m announced last week by finance minister Jane Hutt as a result of increased allocations in the chancellor's autumn statement.
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