Société Générale: Falling Unemployment Rate Gives the Fed More Reason to Keep Interest Rates Unchanged

ChainCatcher News reports that Societe Generale’s US interest rate strategist Subadra Rajappa stated that the current focus is mainly on the unemployment rate, as the pace of employment growth has been slowing down. The decline in the unemployment rate and the rise in wages provide the Federal Reserve with a stronger reason to keep interest rates unchanged in January. The bond market responded calmly to this, with no significant fluctuations.