Abbreviations

Monetary Policy Report submitted to the Congress on February 22, 2019, pursuant to section 2B of the Federal Reserve Act

AFE
advanced foreign economy
BOE
Bank of England
C&I
commercial and industrial
CRE
commercial real estate
DFMU
designated financial market utility
EBITDA
earnings before interest, taxes, depreciation, and amortization
ECB
European Central Bank
EME
emerging market economy
EPOP
employment-to-population
EU
European Union
FOMC
Federal Open Market Committee; also, the Committee
GDP
gross domestic product
JOLTS
Job Openings and Labor Turnover Survey
LFPR
labor force participation rate
LSAP
large-scale asset purchase
MBS
mortgage-backed securities
Michigan survey
University of Michigan Surveys of Consumers
ON RRP
overnight reverse repurchase agreement
PCE
personal consumption expenditures
SEP
Summary of Economic Projections
SLOOS
Senior Loan Officer Opinion Survey on Bank Lending Practices
SSDI
Social Security Disability Insurance
TCJA
Tax Cuts and Jobs Act
TGA
Treasury General Account
TIPS
Treasury Inflation-Protected Securities
VIX
implied volatility for the S&P 500 index
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Last Update: February 22, 2019