Fed Signals That they Need to Wait for More Data - DailyFX
Therefore we need at least 2 more months of solid economic data before considering the possibility of a fourth quarter rate hike. Looking at the statement, the Fed has acknowledged the signs of a potential bottom in the housing market as well as firmer economic activity overall. They remain concerned about inflation and they have good reason to given the recent upturn in oil prices and the potential for the tight labor market to boost wage pressures going forward.
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Posted: January 31st, 2007 under Americas, Fixed Income, General.
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