Wednesday, December 12, 2012
OMG, Bernanke: 0% Interest Rates Until 6.5% Unemployment Rate Or 2.5% Inflation...
Fed sets jobless, inflation targets...
Monthly NFPs have averaged 170,000 over the past twelve months and we saw about a 1% dip in unemployment during this time, which means we need to create another 2.04 million jobs to reach the Fed's 6.5% unemployment rate target.
With GDP growth expected to dip to 1.9%, could we see another 12 months of 0% interest rates - or will this story extend into 2014 and beyond?
Full FOMC Statement...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment