Market speculation on whether the Fed will raise rates is reaching fever pitch, but the central bank no longer has the pull it once did.
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Whenever speculation grew louder that the Federal Reserve would lift its target interest rate this year, stocks took a dive. Here’s why.
The July employment report suggests the recent trend of lackluster gains in jobs and wages is continuing, and a rate hike should therefore be off the table for the time being.
Janet Yellen and her Fed colleagues know that wage growth and inflation are still too low to support an increase in interest rates in June.
As the US economy emerges from recession, the prospect of the US Federal Reserve raising interest rates grabs the attention of the financial markets more and more. US rates have been close to zero for…
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Associate Professor of Markets, Public Policy and Law, Boston University
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