Building FOMC Meeting chart overlay, the project I’ve been working on the last few weeks. Now referencing actual statements from FOMC to get data. Currently in era after 2008 where rate targets remained at 0% – 0.25% for years. Seeing them push goals back, from 2014 to 2016 on when to raise rates.
Don’t understand labor market, or how labor market works. September 13, 2012 FOMC statement: “The Committee is concerned that, without further policy accommodation, economic growth might not be strong enough to generate sustained improvement in labor market conditions.” What is the Labor Market, what does it mean. Is it the ‘supply’ of available workers?
I sell labor. my labor. The buying & selling of Labor.