Phillips Curve

MKM’s chief economist believes that the Fed made the right move by not tightening in September. He believes that the Fed should wait to achieve its inflation and wage growth targets before raising rates. A premature rate hike could lead to an economic downturn and a hasty return to near zero...

In a report published Friday, Bank of America analyst Ethan Harris explored the "what's next" scenario, as the Federal Reserve's September rate hike isn't completely out of the question. Harris may have been the first to coin the term "Fedophobia" back at the end of July when he noted that the...