The Employment Situation in August – Rorschach at the Fed

blog emp 2015_08

Today’s employment report offers a Rorschach test for Federal Reserve officials. The report tells less about the labor market than reactions to it will tell about observers’ thinking. It is sufficiently ambiguous that monetary policy hawks will see in it what they need to go forward with a September rate hike, while doves will see it as evidence to hold… Read More ›

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