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A look at how the US Fed's views on economy, hiring have gotten more optimistic

A comparison of the Federal Reserve’s statements from its two-day meeting that ended Wednesday and its meeting April 28-29:

ECONOMY:

Now: The Fed sees growth getting better: “Economic activity has been expanding moderately after having changed little during the first quarter.”

Then: “Economic growth slowed during the winter months, in part reflecting transitory factors.”

HIRING:

June: The job market is also getting better: “The pace of job gains picked up while the unemployment rate remained steady. On balance, a range of labour market indicators suggests that underutilization of labour resources diminished somewhat.”

April: “The pace of job gains moderated, and the unemployment rate remained steady. A range of labour market indicators suggests that underutilization of labour resources was little changed.”