New Unemployment Rate data continues to surprise forecasters to the downside as job creation was at a record high. The strong labor market has economists puzzled over the lack of inflation, prompting the Fed to review their strategy, including looking at BoJ-inspired price controls.Read More
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The Senior Loan Officer Opinion Survey reports easy standards and good demand with implications of increasing competition and improving cash flow. JOLTS data and the NFIB Jobs Report support a rosy outlook for employment.Read More
Bill Dudley gives a candid interview with the Financial Times, covering the business cycle, demographics, fiscal stimulus, the labor market, and the Phillips Curve. The ECB begins to taper, maintaining that purchases will last as long as necessary, while Jens Weidmann pushes for a specific end date.