Abbreviations

Monetary Policy Report submitted to the Congress on March 1, 2024, pursuant to section 2B of the Federal Reserve Act

AFE
advanced foreign economy
BTFP
Bank Term Funding Program
COVID-19
coronavirus disease 2019
CRE
commercial real estate
DI
depository institution
ELB
effective lower bound
EME
emerging market economy
EPOP ratio
employment-to-population ratio
FDIC
Federal Deposit Insurance Corporation
FOMC
Federal Open Market Committee; also, the Committee
GDI
gross domestic income
GDP
gross domestic product
JOLTS
Job Openings and Labor Turnover Survey
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
repo
repurchase agreement
SOMA
System Open Market Account
S&P
Standard & Poor's
VIX
implied volatility for the S&P 500 index
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Last Update: March 01, 2024