08
Feb
0 No comments

The line on this chart continues to slope up. And that is, in the long run, all that matters.

There was nothing in the report to suggest that the Federal Reserve need to move away from its recently stated position that it would wait for more data before deciding on further changes to the target Federal Funds rate.

The January numbers are what we expect to see, both in terms of size and trend, at this state of an expansion.

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