Category Archives: Federal Reserve
Nice Speech, Mr. Powell, But Please Pay Attention to Housing
The stock market fell 3.3% on Friday, following Fed Chairman Jay Powell’s speech on monetary policy at the Jackson Hole Fed meeting. Mr. Powell affirmed the Federal Reserve’s commitment to bring inflation down, which will probably take some time and … Continue reading
Posted in Federal Reserve
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The Employment Situation and Outlook – December 2020
Yesterday, the Bureau of Labor Statistics estimated that nonfarm payroll employment declined by 140,000 in December. The estimate for November was increased by 135,000. The level of employment for December was therefore virtually unchanged from the November report.
Posted in Federal Reserve, Market Commentary
Tagged employment, employment forecast, FOMC unemployment projections, job growth, jobs forecast
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