Take-Aways from the IBO’s Latest Forecast for NYC
There is slowing employment growth on the horizon.
Fed Cred: On the Hook for a December 16th Move
Provided that there are no violent swings in global financial markets and nothing changes the outlook for a slow, but steady return to 2% inflation, a December hike is likely to materialize.
U.S. Payroll Report Provides Ammunition for December Rate Hike By the Fed
Friday’s nonfarm payroll report in the U.S. provided an “all clear” for the Federal Reserve to undertake the first rate hike since 2006.
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