Benchmark
Fed Faces This Checklist of Hurdles for a December Rate Hike
The Fed needs to see more jobs, solid spending and calmer markets
Why the Fed Shouldn't Raise Rates Anytime Soon
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All but one of 55 economists surveyed by Bloomberg last week are convinced the Federal Reserve is too spooked to increase the benchmark interest rate at their Oct. 27-28 gathering. So what hurdles must the U.S. economy surmount over the next two months in order for policy makers to justify a rate hike at the following meeting in December?
Jeremy Lawson, chief economist at Standard Life Investments Ltd. in Edinburgh, has a checklist in mind: