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The Fed is Tracking Improving Labor Market Conditions – Wells Fargo

FXStreet (Barcelona) - The Wells Fargo Research Team view the US Fed to begin raising short term interest rates around the middle of 2015 as employment conditions continue to improve.

Key Quotes

“Strong job growth had been the missing ingredient for most of this economic recovery.”

“We still see the Fed on track to raise the federal funds rate in June, when the unemployment rate may very well be below the CBO’s 5.5 percent estimate of full employment. The pace of interest rate hikes may be slower, however, and rates may not ultimately rise as much as previously thought.”

“The U.S. economy is coming off a much deeper recession today than it was in the early 1990s and the global economic foundation seems much less sturdy. Deflation is a real concern in Europe, and falling commodity prices may lead to some short term weakness in the U.S.”

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