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Hilsenrath Analysis: Jobs Report Keeps Fed on Track for 2015 Rate Increase
The Labor Department‘s June employment report, released Friday, broadly confirmed the Federal Reserve‘s narrative about how the U.S. economic expansion is unfolding in 2015, keeping the central bank on track to raise short-term interest rates later this year, barring some new setback. The economy stumbled in the first quarter due to one-time shocks including bad weather, port shutdowns on the West Coast, statistical mismeasurement, a sharp drop in the price of oil, and increases in the value of the dollar. As Fed officials see it, the economy regained its footing in the second quarter, setting the stage for more ... (full story)
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- TheTopBloke
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