The Traderszone Network

Published in TZ Latest News 20 August, 2014 by The TZ Newswire Staff

Fed notes labor market progress, but not convinced yet: minutes

The Federal Reserve has been surprised by how quickly the U.S. “Labor market conditions had moved noticeably closer to those viewed as normal in the longer run,” according to the minutes of the central bank’s July 29-30 meeting, which were released on Wednesday. Policymakers “generally agreed” that improvements in the labor market over the last year had been “greater than expected,” according to the minutes.

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