Fed’s Goolsbee: Interest rates are restrictive now

• But restrictive rates for too long is a problem
• There are some warning signs in the jobs market
• We are putting emphasis on jobs reports and price data
• There has been a string of improved inflation readings in the US
• It feels like the path back towards 2%
• If inflation returns to normal, rates will too

The part in bold is key and also underscores the trading sentiment for broader markets. It’s all about big data these days to shift the trends. And in the case this week, the focus will be on the US jobs report coming on Friday.

This article was written by Justin Low at www.forexlive.com.