Abbreviations

Monetary Policy Report submitted to the Congress on June 17, 2022, pursuant to section 2B of the Federal Reserve Act

AFE
advanced foreign economy
BOC
Bank of Canada
BOE
Bank of England
BOJ
Bank of Japan
CCP
central counterparty
COVID-19
coronavirus disease 2019
CPI
consumer price index
ECB
European Central Bank
ECI
employment cost index
EME
emerging market economy
EPOP ratio
employment-to-population ratio
FOMC
Federal Open Market Committee; also, the Committee
GDP
gross domestic product
IORB
interest rate on reserve balances
LFPR
labor force participation rate
MBS
mortgage-backed securities
MMF
money market fund
ON RRP
overnight reverse repurchase agreement
PCE
personal consumption expenditures
repo
repurchase agreement
SOMA
System Open Market Account
S&P
Standard & Poor's
TGA
Treasury General Account
USD
U.S. dollar
VIX
implied volatility for the S&P 500 index
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Last Update: August 11, 2022