The stock market faces its first major test of the year in the coming week, with investors counting on the US jobs report to show a stable but not overheated economy that underpins expectations for ...
The traditional argument against a rules-based monetary policy is that it requires Fed officials to specify too many contingencies ahead of time.” Those are the words of economist Jason Furman, ...
What's also useful in the St. Louis Fed study is that the bank looked at the magnitude of the misses. On GDP growth, for example, the mean absolute forecast error was 1 percentage point, meaning that ...