At Jackson Hole Janet Yellen made a reference to an indicator that most of us didn’t know, the “labor market condition index”; it turns out that this indicator is behaving really well now, time for Federal Reserve to raise rates
(original publishing date: 08/30/14)
We expect federal funds rates to go up by the first half of 2015.
Here is another evidence to this theory:
You’re looking at an index that considers 19 different indicators of the US labor market, the red dots show the moments when the Federal Reserve decided to raise rates.
Get ready, it’s coming.