Economics
What the Jobs Report Means for Yellen's Plan to Raise Rates Gradually
- Payroll rise well above level Yellen suggested was necessary
- Wage gains could pop to 2.6 percent in December, analyst says
Are All Systems Go for a Fed Rate Liftoff?
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Maybe raising interest rates gradually won’t prove to be such a good idea.
Another strong jobs report on Friday led to muttering in the financial markets that the Federal Reserve was in danger of being too slow to lift borrowing costs -- and could drop even further back if it goes ahead with a plan to increase rates gradually after a widely expected liftoff later this month.