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![The Federal Reserve may now go beyond tapering and begin lifting interest rates from near-zero levels [AP]](http://thebricspost.com/wp-content/uploads/2014/01/fed.jpg)
The Federal Reserve may now go beyond tapering and begin lifting interest rates from near-zero levels [AP]
This is the lowest unemployment rate since the US sub-prime mortgage crisis pulled the country and much of the world into recession.
July and August figures were also revised upward by a total of 69,000 more jobs.
The latest statistics mark an achievement for the Obama administration, which has argued that it’s economic policies are working, and will likely add pressure to the Federal Reserve to revise its near-zero interest rate policy.
Investors and market analysts have for weeks speculated that the Fed’s Open Market Committee (FOMC) could inch closer to an interest rate increase policy change reflecting overall confidence in a strengthened economy that has in 2014 appeared to weather a number of hiccups.
The September figures also appear to justify confidence among many experts who said that August’s low figures were but a minor bump as the US economy stabilizes toward continued growth following an otherwise robust summer.
In 2009, The Fed launched a bond buy-back stimulus mechanism (Quantitative Easing) capped at $85 billion in a bid to keep markets growing following the mortgage crisis. As the unemployment levels fell and market prospects improved, the Fed began tapering its stimulus fund.
The BRICS Post with input from Agencies
