
Fed Adopts Outcome-Based Forward Guidance, Will Keep Rates Near Zero For At Least 3 Years
Headed into the September meeting, the Fed wasn't expected to make meaningful changes to the somewha

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The unemployment figures don’t make sense. Maybe I’m just naive (probably “yes”), but the figures are higher than reported based on the number of claims and number of new jobs. I guess they don’t count people too depressed and dis-spirited from “looking for work.” Just take these suckers out.
A key takeaway is that U.S. central bank expects mostly so-so growth for years.
Come January, will be interesting to monitor velocity data in anticipation of AIT. Don’t want to be too early for the relation trade.