Unemployment, Stocks, and the Fed’s Emergency Meeting
April 04, 2010 at 23:49 PM EDT
The unemployment numbers continue to suggest a peak in unemployment last Oct/Nov (see chart, from a veritable unemployment chartfest at The Big Picture). This points to the Fed raising rates in Q4. (History says the Fed tends to raise a year after unemployment peaks, or three years after a recession starts, which both put it [...]