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There are 2 conflicting interpretations of the Fed right now, and both parties are feeling equally emboldened
Some experts think the economy is ready for higher interest rates. Others, not so much. On Friday, we learned from the Bureau of Labor Statistics that US companies added a healthy 215,000 jobs in July, while the unemployment rate declined to a new cycle low of 5.26%. And for most Wall Street economists, that's enough for the Federal Reserve to raise interest rates for the first time since June 2006. In its latest policy statement, the Federal Reserve said it could begin hiking rates if it saw "some further improvement in the labor market." According to at least 13 economists followed by Business Insider, that's ... (full story)
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