The Traderszone Network

Published in TZ Latest News 6 August, 2015 by The TZ Newswire Staff

Fed’s forecasts for jobless rate look out of step with history

Most Federal Reserve policymakers expect the U.S. jobless rate will stop plunging and stabilize right around its long-term normal level, a risky forecast given that this apparently hasn’t happened in at least a half century. Across decades of economic records as the economy healed after recessions, the rate dipped well below what analysts consider normal, the so-called “natural rate” of unemployment. Fed policymakers are betting history will unfold differently this time.