Breitbart Business Digest: The Fed Is Ignoring Signs of Overheating Economy

at a range of 5.25 percent to 5.50 percent, a decision well-telegraphed to markets by central bank officials over the weeks since the September meeting. Increasingly, however, thethat the economy is decelerating enough to bring inflation down to its two percent target., or JOLTS, showed no signs of cooling demand for labor. Job openings came in at 9.6 million, slightly above the downwardly revised estimate 9.5 million for the prior month. Economists had forecast the openings figure to fall to 9.

Unrounded, openings were at 9.553 million, up from 9.497 million. While the gain is not especially large, it suggests that the allegedly tightening financial conditions are not acting as a big drag on demand for labor. We now have a two-month trend of rising openings,The JOLTS openings figure is a snapshot of vacancies at the end of each month. The figure released on Wednesday indicates labor demand on the last business day of September.

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