Economics
September Fed Rate Rise an Easier Call With Lower Growth Hurdle
Are Young Gun Investors Ready for Fed Rate Hikes?
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The economy may not need to bounce back all that much from its first-quarter swoon for the Federal Reserve to raise interest rates in September.
A slowdown in the long-run potential growth rate of the economy has lowered the bar that gross domestic product must clear for the central bank to increase rates, according to Fed watchers including Michael Feroli of JPMorgan Chase & Co.