Intraday Market Thoughts

Unemployment Nears Bernanke’s 7%

by Ashraf Laidi
Sep 6, 2013 16:22

US unemployment nears the 7% level deemed by Bernanke to be appropriate for ENDING monthly asset purchases, therefore the latest 7.3% figure suggests a tapering must start this month.  We also discuss the rose of USD during geopoilitical tensions as well as GBP after Russia's latest statements. Full Chart & Analysis

Unemployment Nears Bernanke’s 7% - Unemp Jobless Claims Sep 6 (Chart 1)

Act Exp Prev GMT
Unemployment Rate
7.3% 7.4% 7.4% Sep 06 12:30

Latest IMTs