Friday, March 11, 2016

CNBC: Why the jobs report is more important than usual

Jeff Cox | @JeffCoxCNBCcom
Thursday, 3 Mar 2016 | 2:57 PM ET

The Fed's more than seven-year quest to generate inflation has started to bear some fruits, but likely too few to spur an imminent policy change.

Recent indications provide at least some hope that inflation is edging toward the U.S. central bank's 2 percent goal. That's the level Fed Chair Janet Yellen and the Federal Open Market Committee believe the economy should hit or least be on course toward.

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