HOLLAAAAAA

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i actually don’t identify with the name “liz” at all. sometimes when my close friends call me “liz” it’s slightly jarring, as if they’re referring to another person. my family called me elisabeth growing up, with various european accents, and so it’s likely the fact that “liz” sounds so utterly american that trips me up.

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In a press conference following the release, Janet Yellen explained:

The committee considers it unlikely to begin the normalization process for at least the next couple of meetings.

Yellen later conceded that a “couple” meant “two”, but clarified:

That doesn’t point to any preset or predetermined time at which normalization will begin.”

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The October 29th Fed press release included the word “inflation” here – interesting to note that it was omitted.

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Total nonfarm payroll employment rose by 214,000 in October and the unemployment rate fell from 5.9% in September to 5.8% in October. From January to October 2014, the unemployment rate and the number of unemployed persons declined by 0.8% and 1.2 million, respectively. See historical trends for each:

Total Nonfarm Payroll Employment

Unemployment Rate

However, labor force participation continues to hover around 62.8%, its lowest rate since 1978.

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