Should the Fed's raise interest rates this year?
Answer:
In the long run, rates will HAVE to go up.
This year, I doubt they'll be raised....the Fed is too sensitive to the month-to-month economy (the data on that level is virtually worthless except to politicians).
It is unclear at this point. The economy weakened during the first few months of the year, but is currently showing signs of rebounding. Plus, there are also signs that inflation is stabalizing. If these positive developments continue, then the Fed will not have to raise rates and could even lower them.
The way unemployment, wage, inflation, and other indicators show that we are not doing so bad, so far. I don't think the Fed will increase interest rates this year. Last time I saw, gas price went up, but it hasn't hurt the spending too much since inflation was modest overall. This shows some obvious, but not entirely, evidence of the strength in the U.S. economy. We have 6 more months and I don't think we will see any dramatic changes.
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