US: Redbook Index rose 2.8% YoY

FXStreet (Edinburgh) -The Redbook index advanced at an annual pace of 2.8% and contracted 1.4% on a monthly basis in the week ended on February 2, vs. previous prints at 2.7% and -0.2%, respectively.

Feb 11, 2014

US February 2 Redbook index (MoM) falls to -1.4%; 2.8% (YoY)

Fed's Yellen: US recovery accelerating but unemployment still too high

The new Fed Chair Janet Yellen said in her first semi-annual testimony on monetary policy and the economic outlook to the US Congress that the situation on the labor market had improved but that the economic recovery still had a long way to go.