An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Friday, March 10, 2017
Edward Harrison — US jobs numbers come in high enough to prompt Fed rate hike
The BLS released the latest employment numbers for the US, the last piece of major economic data before the Fed meets next week to decide on whether to raise interest rates. The numbers were good enough. Payrolls were up 235,000, when 190,000 was expected. The unemployment rate came in at 4.7%. Average hourly earnings are now up 2.8% in the year to February. A rate hike is all but certain now.…
Fake news, government edition.
ReplyDeleteCurious as to why the US dollar would sour on such news ... and gold would gain :)
ReplyDelete