Second-quarter growth has rebounded, confirming that the disappointing performance in the first quarter was mostly weather related rather than a retrenchment to the ongoing recovery. Unemployment continues to improve more quickly than many had expected, and inflation appears to be drifting up toward our 2 percent goal.
There are also products based on other benchmarks, such as floating rate products based on 1-year required reserve rate. It is up to product providers as for on which benchmarks they’d like to base their products.