Video: Mark Rogers on the US Economy — Week of January 13, 2014

Econoday’s Mark Rogers provides a look at key economic announcements for the US this week. In this segment: Employment report may complicate Fed taper.

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Econoday reports, available on TradingScreen’s award-winning TradeSmart EMS, provide alerts on upcoming economic announcements, and jargon-free analysis of their potential market impact. Mark Rogers, Senior Economist for U.S. markets, has over 19 years of experience with the Federal Reserve Bank of Atlanta as an economist and forecaster for national and regional economies.

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Highlights:

  • Payroll numbers way below expectations 00:15
  • Unemployment rate below 7 percent for the first time in 60 months 00:45
  • Fed hedging its bets 01:34
  • Fed’s next taper decision will depend on broad numbers for labor market 03:55
  • Janet Yellen will likely continue Bernanke policies 04:48
  • Yellen officially becomes Fed Chair on February 1st, but might be acting Chair at next FOMC meeting 05:47
  • FOMC will likely debate taper as data dependent or a predictable set schedule 06:32
  • Taper likely continues through 2014 07:40
  • Fed’s fund rates may be low, even as tapering eases down 08:20
  • Looking Ahead: Industrial Production, Retail Sales and Housing reports 09:30