Abbreviations

Monetary Policy Report submitted to the Congress on February 7, 2020, pursuant to section 2B of the Federal Reserve Act

AFE
advanced foreign economy
CBO
Congressional Budget Office
CDFI
community development financial institution
C&I
commercial and industrial
CPI
consumer price index
EME
emerging market economy
FOMC
Federal Open Market Committee; also, the Committee
GDP
gross domestic product
IP
industrial production
JOLTS
Job Openings and Labor Turnover Survey
LFPR
labor force participation rate
LIBOR
London interbank offered rate
MBS
mortgage-backed securities
MMF
money market fund
ON RRP
overnight reverse repurchase agreement
OPEC
Organization of the Petroleum Exporting Countries
PCE
personal consumption expenditures
repo
repurchase agreement
SEP
Summary of Economic Projections
SLOOS
Senior Loan Officer Opinion Survey on Bank Lending Practices
SOMA
System Open Market Account
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 06, 2020