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Societe Generale: Decline in Unemployment Rate Gives Fed More Reason to Keep Rates Unchanged
Summary: According to sources, Societe Generale's US interest rate strategist Subadra Rajappa stated that the focus is currently on the unemployment rate, as job growth has been slowing down. The decrease in unemployment rate and increase in wages provide more solid grounds for the Fed to maintain interest rates unchanged in January. The bond market reacted ...
According to sources, Societe Generale's US interest rate strategist Subadra Rajappa stated that the focus is currently on the unemployment rate, as job growth has been slowing down. The decrease in unemployment rate and increase in wages provide more solid grounds for the Fed to maintain interest rates unchanged in January. The bond market reacted calmly to this news, with no significant fluctuations.
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Link: Societe Generale: Decline in Unemployment Rate Gives Fed More Reason to Keep Rates Unchanged [Copy]
