Feb jobs report not a good herald
It may offer clues about consumer sentiment but it's not likely to factor too heavily into US Fed policy
Add BT as a preferred sourceTHE February US jobs report, slated for release on Friday, may offer more clues about where consumer sentiment is headed than it does for future monetary policy. That's because the Fed is looking at a mosaic of economic data to determine whether to turn the taper dial up or down, or hold it steady. And winter weather, particularly in the north-east, has given policymakers a foggy lens through which to examine the pace of the recovery.
The stock whisperer
The difference maker for the stock market? Janet Yellen. Last week saw stocks post gains as investors seemed to be reassured by Ms Yellen's testimony before the Senate Banking Committee and shrugged off the revised fourth quarter gross domestic product report, which showed a significant - but expected - reduction in growth for the quarter. Both events help put this Friday's jobs report in perspective.
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