One Reason Market Turmoil Might Actually Make September the Ideal Time to Hike Interest Rates
No 1994 or 2004 repeats
Fed's Beige Book: Are We Finally Seeing Wage Growth?
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A number of sell-side economists have pushed back their estimates of when the Federal Reserve will deliver its first interest rate hike in light of the chaos in global markets.
Tighter financial conditions—such as higher rates, a stronger U.S. dollar, wider credit spreads, and lower equity prices—tend to trickle through to the real economy and have a deleterious effect on growth.