The Federal Reserve has a dual mandate – keep prices stable (ie: fight inflation) and maintain full employment (ie: stabilize the labor market). In the past week, we received reports on both of these fronts. Last Friday, the July jobs report was released. Surprisingly, the US economy reported a loss of 23,000 in July. Expectations […]

Markets tend to focus on one “hot topic” per week – and this week, jobs took center stage. As you know by now, the Federal Reserve Bank in the US has a dual mandate – meaning it has to balance two priorities as it considers interest rate levels and monetary policy. That dual mandate includes […]

If you have read any of my posts over the past two years, you are familiar with at least one part of the Federal Reserve Bank’s dual mandate – price stability (said another way, combat inflation). We have spent many a Fridays dissecting the latest inflation data and debating when (or if) prices would start […]