Posts Tagged ‘Robert Shiller’

Notes From Underground: Will Tomorrow’s Unemployment Provide Certainty?

May 7, 2015

MAYBE. It’s the release of the most important economic data for market watchers, the unemployment report. The JOBS NUMBERS have taken on added importance as the FED has made its data dependent interest rate decision overly reliant on job growth and more importantly, AVERAGE HOURLY EARNINGS. Last month’s nonfarm payrolls were well below expectations and the market reacted in a HOLIDAY-SHORTENED trading session (Good Friday) with a rally in all ends of the interest rate market and the U.S. dollar being sold in response to a FEDERAL RESERVE remaining at the zero interest rate level for longer than┬ápreviously anticipated.

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