Parsing the Fed: How the May Statement Changed From March

The Federal Reserve releases a statement at the conclusion of each of its policy-setting meetings, outlining the central bank’s economic outlook and the actions it plans to take. Much of the statement remains the same from meeting to meeting. Fed watchers closely parse changes between statements to see how the Fed’s views are evolving.

This tool compares the latest statement with its immediate predecessor and highlights where policy makers have updated their language. This is the May statement compared with March.

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