Pantheon Macroeconomics - At their March meeting FOMC members' range of forecasts for the unemployment rate in the fourth quarter of this year ranged from 4.4% to 4.7%, with a median of 4.5%. But Friday's report showed that the unemployment rate hit the bottom of the forecast range in April.

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8 May 2017 Fed Hawks Will Focus More on Unemployment than Wage Gains

By Ian Shepherdson

At their March meeting FOMC members' range of forecasts for the unemployment rate in the fourth quarter of this year ranged from 4.4% to 4.7%, with a median of 4.5%. But Friday's report showed that the unemployment rate hit the bottom of the forecast range in April.

Posted: 7th May 2017 in 'U.S. Documents'

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