IMO, the Fed is screwed. They may make some token move higher in interest rates, because so many expect such a move, and they have been "jawboning" this for years now. But if and when they raise rates, it will hurt the balance of trade, making US goods and services more expensive in international trade. That will come back to hurt our economy, so rates can more highly, nor quickly (if the move up at all).

Besides, for the jobs picture to truly look good, it will have be at the levels of 5-7 hundred thousand new jobs per month to replace all of those destroyed in recent years, and to account for all of those people who are no longer counted as unemployed because they fell off the benfit rolls (which is the way unemployment is counted theses day - not all job seekers, just those getting unemployment benefits).

Then, there is the fact the POG tends to rise as interest rates go up. It's counter intuitive, but historical fact.

...running off at the mouth. Better run now.

VP

PS Looking for news this evening, or Monday. ...just a gut feeling.