Dollars and Jens
Wednesday, April 28, 2004
fed policy argues that rate hikes may be farther off than people suppose, and presents an interesting little graphic to make its case:

I would note that interest rates are lower than they have been in previous cycles, and that employment is lagging other indicators even more than usual, but it's something to throw on the pile of reasons to expect the fed at least not to do anything next week.

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