The hope is to bring unemployment below 6.5%. Strategy marks a dramatic change in policy, made easier by low inflation lately.WASHINGTON — The Federal Reserve said it will continue aggressive measures to stimulate the economy and made a major policy shift to focus more directly on boosting the job market.
Fed To Tie Interest Rate To Job Gains
By Don Lee and Jim Puzzanghera, Los Angeles Times, Los Angeles Times
Thu, 12/13/2012 - 2:10am
BING NEWS:
- 4 Stocks to Buy for "Higher for Longer" Interest Rates
Markets fell due to strong job report, higher rates expected. Fed caution on tariffs. 30-yr fixed mortgage at 7.24%. 4 stocks to benefit from high rates.
01/17/2025 - 4:55 am | View Link - Surging job market could prove costly for households, businesses as odds of quick rate cuts fade
U.S. hiring picked up unexpectedly in December as employers added 256,000 jobs, another sign of the economy’s resilience in the face of high interest rates.
01/10/2025 - 12:59 pm | View Link - Strong US job growth raises doubts about further Fed rate cuts
The U.S. job market again defied an anticipated slowdown, with firms adding more than a quarter of a million jobs in the last full month of Joe Biden's presidency and leaving Federal Reserve ...
01/10/2025 - 3:49 am | View Link - Strong December job growth could augur fewer Fed interest-rate cuts. Here's why.
Employers added 256,000 jobs in December, blowing past economists' expectations and signaling that the job market ... the jobless rate stood at 6.4%, while inflation was about to soar to 40-year highs ...
01/10/2025 - 3:07 am | View Link - Fed goes with half-point interest rate cut. What that means.
The Federal Reserve lowered its key interest rate ... average monthly job gains slowed to 116,000 from 211,000 the previous three months. And the unemployment rate rose from 3.7% in January ...
09/18/2024 - 5:59 am | View Link - More
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