The previous target for any increase in interest rates "sounded gloomy," as if the economy would remain weak until then, Gagnon said.Specifying an unemployment rate â¿¿ one close to a normal rate of 6 percent or less â¿¿ makes clear that the Fed will keep supporting the economy even after the job market has strengthened significantly.
Fed To Spend $45B To Sustain Bond Purchases
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.