Financial Update by Maurice Soussé

Interest rates jumped up a bit today as the unemployment numbers were a bit better than anticipated. Most economists still predict the FED will continue to delay tapering until at least March of 2014. The anticipated cut from $85 billion to $70 billion will be determined at the March 18-19 FED meeting. Last week the FED voted to keep the pace unchanged and steady. The jobs report today is most likely not enough to convince the FED to cut QE3.

This week’s coach comes from Nikki Giovanni and fit appropriately for me this week. Nikki said “Mistakes are a fact of life. It is the response to error that counts.”