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Yellen continues to bet on consumer spending over jobs

Discussion in 'Fundamental Analysis' started by ForexLive, Jun 22, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Yellen 'hopeful' about pickup in growth The Fed clearly overreacted to a single jobs report but she's urging others not to overreact. What's clear is that she's enthusiastic on consumer spending and think it's a better signal than jobs. That's likely true but the Fed has habit of cherrypicking whatever data points to a pickup in growth/inflation to fit its overly-optimistic forecasts.

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