Your English writing platform
Discover LudwigSuggestions(1)
Exact(12)
A rate hike now would threaten the recovery, Kern said.
But why hike now when inflation is still so low?
Economists at Investec said the guidance had not had the desired effect on markets "with the first rate hike now priced in earlier than it was pre-guidance".
"It is hard to argue against a March Fed rate hike now," said James Knightley, chief international economist at ING Bank.
A related argument – and the source of late lobbying from the World Bank and the International Monetary Fund – says a US rate hike now could turn China-related tensions in emerging markets into a full-blown crisis.
Another rate hike now is just what the Economics 101 textbook prescribes.
Similar(48)
Sure, state politicians may be cowed and foreswearing tax hikes now, he says.
A presidentially appointed board recommended late Sunday no immediate pay raise for mechanics at United Airlines sympathizing with the carrier's claim that it cannot afford wage hikes now because its survival is at stake.
If we consider a policy lag of 6 to 9 months for Fed hikes to feed their way into the broader economy, it would appear that the early hikes in 2016 have had their desired impact on inflation, and with the most recent tick up in the unemployment rate, one would think the Fed would stop hiking now.
And even with a really good payrolls figure for May, the June rate hike option now looks dead and buried".
"Pending the release of further guidance, we are inclined to keep our call for an August rate hike, for now," commented Wai Ho Leong, a regional economist at Barclays Capital in Singapore, in a note, citing the central bank's apparent concern with inflation, and continued strong growth.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com