Jury is out over the Fed's interest rate policy

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Who said anything about easing? That's what folks heard a week ago, or wanted to hear or expect to h...

Who said anything about easing? That's what folks heard a week ago, or wanted to hear or expect to hear in the near future, sending stocks and bonds soaring following the US's weak employment report for May. No one disputes the fact that interest-rate sensitive sectors are slowing. But private-sector employers don't turn on a dime, hiring an average 257,000 folks a month in January through April and then dumping 116,000 of them in May. Considering the difficulty finding and retaining qualified help, it is nothing short of amazing that educated folks were willing to hang their hats on that ...

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