Yellen Oral Communication Versus The Task Marketplace Weather Condition Index

Today's speech yesteryear Federal Reserve Board Governor Yellen contained pretty much the expected platitudes. I works life nix surprising, but to a greater extent than experienced Fed watchers mightiness uncovering simply about interesting details. I would summarise it as: if the economic scheme does non become into the tank, the Fed volition hike. That does non stand upward for novel information. However, I works life the phrasing "While the economic scheme has made peachy strides toward the FOMC's objective of maximum employment..." somewhat ironic when compared to the latest Labor Market Conditions Index (as calculated yesteryear the Federal Reserve; shown above). Although I realise that I accept bearish tendencies, the dive inward this indicator likely merits simply about farther attention.