October 4, 2010
- A d v e r t i s e m e n t
The entire month of October is a prelude to two things that happen in the beginning of November: the election and the FOMC. Each economic datapoint has the potential to effect both of those.
Bernanke may have already decided what kind of QE he plans to initiate come November, but voters are still making up their minds, and this Friday they’ll get a headline that will push them further towards the GOP.
The jobless rate probably rose in September for a second month as the year-old U.S. recovery failed to generate enough jobs to keep up with a growing labor force, economists said before a report this week.