11:09 AM
There is intrigue. The unemployment rate stayed at 6.3% which has the Fed's attention. There is no certainty what this means for monetary policy.
A new system has come into focus. This is from economist Andrew Levin and is relayed on a post from businessinsider.com giving us a good view of what it's all about. Levin's info is quantitative and the Fed likes that data. The emphasis has been on wages.
The chart above is very interesting to me, since it also charts the underemployment gap. Wages are not definitively moving higher. This alone has me wondering if the Fed really expects a change in their policy for 2014. The middle of June will give us more of a handle on the Fed's tone.
A new system has come into focus. This is from economist Andrew Levin and is relayed on a post from businessinsider.com giving us a good view of what it's all about. Levin's info is quantitative and the Fed likes that data. The emphasis has been on wages.
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| from Pandi/Columbia |
The chart above is very interesting to me, since it also charts the underemployment gap. Wages are not definitively moving higher. This alone has me wondering if the Fed really expects a change in their policy for 2014. The middle of June will give us more of a handle on the Fed's tone.