Posted by: RAPV | September 7, 2016

Fed rate hike anticipated

Placid Percentage – The August jobs report showed just 151,000 net new jobs, slowing hourly earnings growth of 0.1%, the loss of 6,000 construction jobs, and a slight reduction in the average hours worked per week. This has reduced the probability of a Fed rate rise of 25 basis points (0.25%) at the September meeting to 0.20%.  But, with the economy continuing to slowly improve, the data-dependent Fed will, barring a disaster, raise rates in December.

Source:
Elliot Eisenberg, PhD.
Graphs and Laughs, LLC
elliot@graphsandlaughs.net
Cell: 202.306.2731
www.econ70.com

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