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Ah - that's an interesting perspective I had not considered. I was basing my prediction on the stronger than expected job gains, GDP growth forecasts, and how t
by jjxw 9y ago
Ah - that's an interesting perspective I had not considered. I was basing my prediction on the stronger than expected job gains, GDP growth forecasts, and how the Fed is cutting back on quantitative easing.
Keeping an eye on the US inflation report coming out this Wednesday should provide more guidance on what the Fed may do - if it's higher than expected I think the Fed will probably raise rates by another .25%.
- roymurdock 9y agoYep, I think the more interesting question is: if labor market is so strong (low unemployment) then why aren't wages increasing meaningfully? Here's one of my favorite practicing economists giving a bit more insight into the Fed and its interest rate strategy: https://www.newsmax.com/finance/narayanakocherlakota/fed-drive-right-brakes/2018/01/24/id/839063/ https://www.newsmax.com/finance/narayanakocherlakota/fed-dri...