> My suspicion is this is all wallstreet's shenanigans. There is a growing labor rights movement and this climate makes it hard to pass any laws that support t

> My suspicion is this is all wallstreet's shenanigans. There is a growing labor rights movement and this climate makes it hard to pass any laws that support the movement. Maybe in the current conditions it feels like just propagandizing. But labor growing at 5-6% and core CPI growing at 5-6% and unemployment being historically low are numbers that are very important to the Fed (commodities inflation and oil is not that important or the Fed would have done something in 2011-2014). They're likely to keep hiking rates until actual pain and a real recession is felt and those inflation numbers fall closer to 2% and unemployment rises sharply. They aren't just trying to propagandize in order to address the labor movement, to hit their stated goals and numbers they need to break its back with a recession. We're just not there yet. Although maybe in the future they'll consider this a double-dip recession and we just hit the first dip.