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"Economic activity decelerated somewhat over the first half of this year," the statement said.
Fed officials described the economy as having "decelerated somewhat," a change of tone from its previous assessment in June when it said the economy had been "expanding moderately".
2016 began with a flurry of bank M&A activity that decelerated somewhat as fears of Brexit and an overall slowdown in global growth overtook the financial markets and dampened expectations of a near-term interest rate increase.
After a two-day meeting, Fed officials said the economy had "decelerated somewhat" over the first half of the year, and gave a stronger signals they may take further action as they keep a close watch on the US recovery.
Although, as referenced earlier, China's inward FDI surpassed the US$100 billion mark in 2010, this inflow decelerated somewhat in 2012.
Similar(55)
"We expect economic activity in France to decelerate somewhat in the second half of the year as industry — and in particular the car industry — loses steam and is unable to benefit much from the recovery of international trade," said Oscar Bernal, an analyst at ING.
"Its growth has decelerated.
Thereafter they decelerated.
It steadily decelerated.
Transportation costs also decelerated.
Such a student will be automatically decelerated.
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