05 - The Fed May Not Be Able To Taper Its Stimulus Just Yet

<p>The unemployment rate came in at 5.8% on Friday, which was better than the forecast. However, this print does not take into account the participation rate which fell. Moreover, there has been no real improvement in the US participation rate since July of last year. This is contrary to improvements seen in other industrialised countries. So whilst other central banks have communicated potential normalisation in monetary policy the Fed may not be able to follow. Please take special note of the regional disclaimers at the end of this podcast.</p>