Federal Reserve Expected To Raise Interest Rates Again

Multiple job market indicators display that the U.S. economy is not yet at the point of a serious recession threat.

The Federal Reserve is expected to once again raise interest rates.

It is unclear at this time whether it will be another half-point hike or only a quarter-point raise. Analysts say the Fed could continue to increase rates until there is evidence that the labor market is cooled down enough to push the rate of inflation lower.

Multiple job market indicators display that the U.S. economy is not yet at the point of a serious recession threat.

The amount of people filing for weekly jobless claims dropped last week to 186 thousand, the lowest in nine months.

Inflation pressures are partly instigated by wage gains for workers. The unemployment rate is at a half-century low of 3.5% while employees have been able to demand pay increases to keep up with rising prices of consumer goods and services.