Employers added more than half a million jobs last month, and the number of workers quitting their jobs hit a record, the latest sign of a tightening labor market. Consumer sentiment readings have plunged. It was less than a month ago, but consider what we’ve learned since then: October consumer prices rose 6.2 percent from a year earlier, the most in three decades and much higher than economists expected. The Fed at its last meeting announced it would begin reducing asset purchases by $15 billion a month but could accelerate or slow the pace of tapering as necessary. economy by further shrinking its monthly bond purchases. 14-15 policy meeting, including whether the central bank ought to speed up its withdrawal of support for the U.S.
We hope you’ve slept off the turkey hangover because it’s a big week for economic news, including two days of congressional testimony from Federal Reserve Chair Jerome Powell on Tuesday and Wednesday and another monthly jobs report on Friday.įed officials will have their last opportunity this week to signal where they stand before their Dec.
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