The Fed and Rates: Waiting for Job Gains?

Historical patterns demonstrate that the Federal Reserve has typically waited to raise interest rates until after the unemployment rate has declined significantly, which on average has been more than a year after a recession has ended. December’s disappointing employment report did not interrupt the trend of stabilizing labor markets, but future reports of better-than-expected job gains may be necessary to move the Fed to tighten interest rates any sooner than expected.  Please click here to read more.

Steven Karsh