All of this, in terms of the FOMC becoming data dependent, comes as no surprise, and the new Fed chairman has an open agenda from which to work.
All of this, in terms of the FOMC becoming data dependent, comes as no surprise, and the new Fed chairman has an open agenda from which to work.
Economic conditions look pretty grave right now. Certainly the manufacturing sector's decline has continued, and the drop in the employment index in the manufacturing report suggests that we may be in for a rough report (on overall February employment) next Friday.
One significant question mark was whether the recovery in manufacturing would be strong enough to generate the employment needed to sustain economic expansion. Friday's report is a strong indication we're finally getting that employment growth.
© 2020 Inspirational Stories
© 2020 Inspirational Stories