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    Trading Radar: FOMC Minutes To Offer Investors QE Clues

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    Wochit Headline News

    by Wochit Headline News

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    US equities turned lower to start off the year a very infrequent occurrence. Looking forward the near-term direction of equities will be determined by the strength in employment and the rate at which monetary stimulus is withdrawn. Next Friday the Labor Department will release the December 2013 nonfarm payrolls report. Economists estimate that the unemployment rate will remain unchanged at 7 percent despite an estimated 193,000 new jobs that are expected to have been added to the workforce.