Look at wage growth — average hourly wages just keep growing. That’s a telltale sign the labor market is tightening. With less competition for jobs, employers are having to bid up wages. If the Fed doesn’t start to raise rate quickly enough — say by the end of this year — they will have to rush into
them next year and start increasing them so rapidly that they risk jeopardizing the very jobs recovery they’re so intent on fostering.
inflation is here. Whether they admit or not, it's here big time, and they know it.
rates are basically zero right now. A quarter-point hike will take the Fed funds rate to a whopping 0.32%. And that’s with a $4 trillion balance sheet the Fed only will let slowly roll off.