Press Release - November 22, 2017 - Minutes of the Federal Open Market Committee, October 31-November 1, 2017
Staff Review of the Economic Situation
The information reviewed for the October 31– November 1 meeting indicated that labor market conditions generally continued to strengthen and that real gross domestic product (GDP) expanded at a solid pace in the third quarter despite hurricane-related disruptions. Although the effects of the recent hurricanes led to a reported decline in payroll employment in September, the unemployment rate decreased further.