Fed Congress monetary policy report
- Labour market now near or a little beyond full employment
- Pace of wage gains are moderate nad have been held down by low productivity
- Vulnerabilities In The Overall U.S. Financial System Are Moderate On Balance
- Financial Sector Vulnerabilities Are Low; Nonbank Financial Leverage Increasing In Some Areas
- It Sees Elevated Valuation Pressures Across A Range Of Assets Even After Accounting For Corporate Tax Cut And Current Treasury Yields
- Equity Markets Have Been Volatile; Notes That Options-Based Measure Of Volatility Ended February Close To Historical Norm
- Sharp Price Increases For Virtual Currencies Are Consistent With Elevated Risk Appetite
- Household Debt Increasing Modestly; Leverage In Business Sector Elevated, Particularly For Speculative Grade Firms
The full shebang is here
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