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

dow jones record

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.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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

Leave a comment