Despite Hints of Inflation, Rates Hold Steady Investors continue to pour over inflation data for signs of increase.
Wage Growth is Lone Bright Spot Against a consensus forecast of 190K, the economy added 151K jobs in January. This was down from average gains of about 280K over the prior three months. The unemployment rate declined from 5.0% to 4.9%, the lowest level since February 2008.
Mortgages and Stocks Rally on Japan Rate Cut Friday’s surprise move by the Bank of Japan (BOJ) was positive for global bond markets. The BOJ announced that it was cutting short-term rates to try to boost economic growth and inflation.