The U.S. economy added 321,000 jobs in November and far more than forecast. The November jobs report is impressive in its strength but offers few worries to the Fed in terms of budding inflationary pressures.
President Barack Obama addressed an audience of several hundred people at Northwestern University in Evanston, Ill., on Thursday, where he struck a positive tone as he applauded America’s economic progress and expressed his confidence in its position as the world’s leading nation.
We’ve kept our eyes on other improving indicators happening in resources, Europe and emerging markets. These places may not be as widely popular, but investors can benefit greatly from taking a view that’s different from the ones observed by the majority.
The quantitative easing program is based on the Fed’s assessment of the U.S. economic condition and that portends an assessment that the economy is not improving according to what they consider acceptable.