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Fed’s Goolsbee: Interest rates are restrictive now

But restrictive rates for too long is a problemThere are some warning signs in the jobs marketWe are putting emphasis on jobs reports and price dataThere has been a string of improved inflation readings in the USIt feels like the path back towards 2%If inflation returns to normal, rates will too

The part in bold is key and also underscores the trading sentiment for broader markets. It’s all about big data these days to shift the trends. And in the case this week, the focus will be on the US jobs report coming on Friday.

This article was written by Justin Low at www.forexlive.com.

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