Release Date: March 16, 2016
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Information received since the Federal Open Market Committee met in January suggests that economic activity has been expanding at a moderate pace despite the . . Inflation picked up in recent months; however, it continued to run below the Committee’s 2 percent longer-run objective, partly reflecting declines in energy prices and in prices of non-energy imports. ; survey-based measures of longer-term inflation expectations are little changed, on balance, in recent months.
