*** The Federal Reserve is concerned about the growth and the scale of the GSEs’ mortgage portfolios, which concentrate interest rate and prepayment risks at these two institutions. Unlike many wellcapitalized savings and loans and commercial banks, Fannie and Freddie have chosen not to manage that risk by holding greater capital.
BIS Review 118/2006  1  month to month, and is subject to considerable revision - factors that reduce the usefulness of the overall index as a short-run indicator of price pressures. Measures of labor compensation pose their own special problems. To begin, the available indicators often do not tell a consistent story.