jeudi 26 mars 2015
After two more great economic reports this morning, reality should be setting in: the Fed will raise rates in June
Posted on 16:21 by nice news
The Fed is going to raise rates in June.
The labor market is rolling, the economy is humming along, and inflation is stable — excluding the decline in gas prices, which Fed chair Janet Yellen has called transitory.
On Thursday morning, the latest report on initial jobless claims showed claims totaled 282,000 last week. It was fewer than expected, but still another solid print from our most frequent pulse on the labor market.
Following the initial claims figure, the latest flash services PMI number from Markit Economics was a beat, with a reading of 58.6 against expectations for 57.0. (Any reading below 50 indicates contraction, any above 50 indicates expansion.)
Markit said this report, "signalled a robust and accelerated expansion of service sector output," and added that "March data indicated a strong and accelerated expansion of incoming new work across the U.S. service sector."
The labor market is rolling, the economy is humming along, and inflation is stable — excluding the decline in gas prices, which Fed chair Janet Yellen has called transitory.
On Thursday morning, the latest report on initial jobless claims showed claims totaled 282,000 last week. It was fewer than expected, but still another solid print from our most frequent pulse on the labor market.
Following the initial claims figure, the latest flash services PMI number from Markit Economics was a beat, with a reading of 58.6 against expectations for 57.0. (Any reading below 50 indicates contraction, any above 50 indicates expansion.)
Markit said this report, "signalled a robust and accelerated expansion of service sector output," and added that "March data indicated a strong and accelerated expansion of incoming new work across the U.S. service sector."
After two more great economic reports this morning, reality should be setting in: the Fed will raise rates in June
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