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Why the Fed Might Hike Rates Sooner Than You Think

From cnbc.com

The Federal Reserve doesn't really care about the unemployment rate—at least not as much as it appears on the surface. As it begins searching for an exit strategy from its $85 billion a month bond-buying program, and the accompanying zero-interest-rate policy, the Fed has said it is looking for a 6.5 percent unemployment rate and 2.5 percent inflation rate. What the central bank really worries about, though, is tangible job growth, and that's not always apparent simply by reading that big headline-grabbing number that comes out the first Friday of each month. An often-times better gauge of the employment picture is ... (full story)

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  • Category: Breaking News