Dual mandate

The dual mandate is the Fed's job as Congress wrote it: stable prices and maximum employment. The 2% inflation target is the Fed's own reading of that line, so an inflation print and a jobs report are the two halves of every rate decision.

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In MochaLearnSee how the Fed moves US markets in MochaLearn
  • Average hourly earningsAverage hourly earnings is the wage growth number in the US jobs report. Wages are the bridge from jobs to prices…
  • FREDFRED is the free St Louis Fed database of every major US economic series going back decades, charts and downloads with…
  • Government shutdownA US government shutdown happens when Congress has not passed spending by the fiscal year start on 1 October, so…
  • JOLTSJOLTS is the BLS survey of job openings and labour turnover. Openings against unemployed workers is the Fed's read on…
  • Crude oil (WTI vs Brent)Crude oil trades as two benchmarks: WTI at the Cushing pipeline hub on NYMEX, and Brent at sea on ICE, which prices…
  • Bid-ask spreadThe bid-ask spread is the gap between the best price to sell (bid) and the best price to buy (ask). Buy at the ask…

Where it comes up