Strong US jobs report stirs debate on Fed’s earlier move

The Fed plans for now are to start tapering in October, although some economists believe it will not start until the summer or early autumn next year.

However, the strong US employment data released on Thursday stirred the talk of an earlier change of direction. The drop in jobless rate to near 6% has come months earlier than expected. And yet wages  are up just 2 percent from the period a year earlier, essentially in line with the inflation rate today.

Be the first to comment on "Strong US jobs report stirs debate on Fed’s earlier move"

Leave a comment