Average earnings took a step backward in February, but this should not be a sign that the labor market is not healthy, according to the San Francisco Fed. But will slow wage growth affect homebuying in the spring?
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Economic Data Will Ultimately Determine When the Fed Will Raise Rates
On the side of the argument for exercising patience, Williams said there are two main concerns: One, the constraint of the “zero lower bound,” which is to say rates can’t go any lower than zero and there will not be room to lower the rates if there is another economic downturn or if inflation drops further; and two, the inflation has been “stubbornly” below the Fed’s target rate of 2 percent for almost three and a half years.
Read More »San Francisco Fed President Says Rate Hike Later in 2015 Would Be ‘Appropriate’
An influential monetary policymaker said this week that it would be appropriate for the Federal Reserve to raise the federal funds target rate later this year despite declining to do so in the September meeting of the Federal Open Market ...
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