Economics Group – Weekly Economic & Financial Commentary
U.S. Review
More Evidence of a Tightening Labor Market
- While small business confidence dipped in June, the index remains above the range where it appeared to be stuck between 2011 and 2013.
- Firms are still looking to hire, with the NFIB hiring plans index climbing 2 points and the JOLTS report showing job openings in May reaching the highest level since mid-2007.
- Minutes from the June FOMC meeting showed a split among members over inflation, with some still worried about it running too low and others seeing upside risks. The FOMC also discussed the potential steps for policy normalization
Follow the link below for the full report.
Wells Fargo Weekly Economic & Financial Commentary – July 11, 2014
Tags: economy