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The reaction of interest rates to the employment report: the role of policy anticipations

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Author Info
Timothy Cook
Steven Korn
Abstract

Interest rates have reacted strongly to the monthly employment report in recent years. The authors document the reaction of rates to the report and provide evidence that it has been stronger since the mid-1980s than in earlier years. Evidently the report now has greater impact than formerly on expectations of where the Fed is going to move the federal funds rate. These expectations influence longer-term money market rates.

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File URL: http://www.richmondfed.org/publications/research/economic_review/1991/pdf/er770501.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Richmond in its journal Economic Review.

Volume (Year): (1991)
Issue (Month): Sep ()
Pages: 3-12
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Handle: RePEc:fip:fedrer:y:1991:i:sep:p:3-12:n:v.77no.5

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Related research
Keywords: Interest rates ; Employment (Economic theory) ; Monetary policy;

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This page was last updated on 2009-12-18.

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