Minutes from the Federal Reserve’s September meeting will highlight next week’s economic calendar.
A lousy September jobs report doesn’t necessarily mean U.S. economic growth has stalled and that the Fed should postpone raising interest rates indefinitely.
The key to lifting inflation to a level deemed comfortable by Federal Reserve policy makers is rising wages.
Chicago Federal Reserve President Charles Evans said Monday he supports waiting a bit longer before raising interest rates for the first time in a decade.
A slight upward revision of second-quarter GDP on Friday gives the Federal Reserve a bit more justification for raising interest rates later this year.
Federal Reserve Chair Janet Yellen said Thursday she and “most other” Fed policy makers “anticipate” raising interest rates at some point before the end of the year.
The healthier growth picture might help persuade an apparently reluctant Federal Reserve to raise rates later this year. But it might not.
Any rise in interest rates will be a slow cycle, so stay focused on the long-term and avoid short-term noise.