https://www.nytimes.com/2018/08/03/business/economy/july-jobs-report-2018.html
The Federal Reserve upgraded its view of the economy this week, substituting “strong" for “solid” in the statement that policymakers released after their latest meeting. The consensus on Wall Street calls for the central bank to raise rates twice more this year, in September and December.
Friday’s report confirms that trajectory, which would bring the benchmark rate to 2.25 to 2.5 percent by the end of the year. Although even that level is low by historical standards, the Fed’s slow but steady campaign to normalize interest rates after years near the zero bound is beginning to be felt.
Prime age employment rate at highest level of the current recovery
Submitted August 03, 2018 at 08:47AM by GloBoy54 https://ift.tt/2OGy6aJ
