Fed Optimistic About US Job Market

The American economy, especially the job market, is getting a bit better, but it’s still not good enough.
That’s the main takeaway from the latest meeting of the Federal Reserve that wrapped up Wednesday afternoon.

The hopeful news for job seekers is that the central bank expects the unemployment rate will fall to 6% by the end of this year. That’s getting awfully close to the Fed’s goal for an unemployment rate in the mid 5% range.

The big question on investors’ minds is whether the Fed will raise interest rates by the end of 2014, but that doesn’t look likely. All the Fed officials except one believe interest rates will remain near zero through the end of the year.

via CNN

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza