dimanche 14 septembre 2014

The Fed: On course and on the money

Investors (as opposed to variable-frequency traders) should not play the game of trying to pinpoint the timing, the extent and the speed of policy changes by the U.S. monetary authority (Fed).

Focus on inflation if you want to know what the Fed will do next. Inflation is the key part of the Fed's mandate, and the only truly binding constraint to American monetary policies. 

Read more: the demand-supply forces in the labor market are reflected in the price of labor

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