Minutes released from the most recent meeting, which ended Feb. 1, indicate policymakers are clearly focused on the possibility of raising rates “fairly soon,” as they say.
In contrast to the dramatic recent changes in Washington, the January employment report from the Labor Department includes some familiar themes.
A report prepared for the Federal Reserve’s upcoming interest rate meeting indicates the economy is on course.
The Labor Department says the nation’s unemployment rate rose a tenth of a percent to 4.7 percent in December. Some 156,000 jobs were added to payrolls.
In the wake of the election, the Federal Reserve indicates there’s some uncertainty about the future course of interest rates.
Unemployment has fallen to a nine-year low, but challenges — including slow wage growth — remain.
The election of Donald Trump raises questions about the Fed chair and the next rate hike.
The October unemployment data is likely to keep the Fed on track toward a December rate hike.
Hiring has been steady, but wage gains have been sluggish. Will this week’s jobs report change that?
The Federal Reserve faces something of a timing dilemma: Should it raise interest rates in early November or mid-December? Or at all?