Abbreviations
Monetary Policy Report submitted to the Congress on July 9, 2021, pursuant to section 2B of the Federal Reserve Act
- AFE
- advanced foreign economy
- CBO
- Congressional Budget Office
- CIE
- common inflation expectations
- CMBS
- commercial mortgage-backed securities
- COVID-19
- coronavirus disease 2019
- CPI
- consumer price index
- CPS
- Current Population Survey
- CRE
- commercial real estate
- EFFR
- effective federal funds rate
- ELB
- effective lower bound
- EME
- emerging market economy
- EPOP ratio
- employment-to-population ratio
- FIMA
- Foreign and International Monetary Authorities
- FOMC
- Federal Open Market Committee; also, the Committee
- FPUC
- Federal Pandemic Unemployment Compensation
- GDP
- gross domestic product
- LFPR
- labor force participation rate
- MBS
- mortgage-backed securities
- MMF
- money market fund
- ON RRP
- overnight reverse repurchase agreement
- OPEC
- Organization of the Petroleum Exporting Countries
- PCE
- personal consumption expenditures
- PEUC
- Pandemic Emergency Unemployment Compensation
- PPP
- Paycheck Protection Program
- PUA
- Pandemic Unemployment Assistance
- repo
- repurchase agreement
- SMCCF
- Secondary Market Corporate Credit Facility
- S&P
- Standard & Poor's
- TGA
- Treasury General Account
- TIPS
- Treasury Inflation-Protected Securities
- UI
- unemployment insurance
- VIX
- implied volatility for the S&P 500 index
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Last Update:
August 11, 2022