Comparing the US Federal Reserve's views on hiring, economy
A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting June 16-17:
ECONOMY:
Now: The Fed is a bit more optimistic about the job market: "The labor market continued to improve, with solid job gains and declining unemployment. On balance, a range of labor market indicators suggests that underutilization of labor resources has diminished since early this year."
Then: "The pace of job gains picked up while the unemployment rate remained steady. On balance, a range of labor market indicators suggests that underutilization of labor resources diminished somewhat.