JPM says rates need to start rising soon
If employment is at a happy level
There is a report out that has JPM saying a fed funds rate of 0.75% is needed to stabilize unemployment rate.
The Unemployment rate moved down to 5.1% in the latest employment report – the lowest level since April 2008. The low unemployment rate in 2007 reached 4.4%. If the Fed sees full employment, is here, and they become concerned about the inflation implications of higher wages, this would prompt them to tighten sooner of course.