Last week, I argued that due to weaker economic data since January 1, the Fed should hold off on raising rates. However, over the last few weeks, several very credible commentators argued that higher inflation readings would put a rate hike into play. While inflation measures are increasing, rising wages are the primary reason for the increase. And as the US labor force is just beginning to see meaningful wage increase (which should support increased consumption expenditures), the Fed should still withhold rate increases for now.
from RSS Feed http://ift.tt/1nGPg9n
via IFTTT
No comments:
Post a Comment