Benchmark
Jobs Day Doesn't Worry Janet Yellen As These Indicators Say Go
The Fed is drifting further away from normal policy as financial conditions ease
Why the Fed Could Cause a U.S. Stock Selloff
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It was like watching a Federal Open Market Committee meeting play out in public view, said economist Neil Dutta, as Chair Janet Yellen, New York Fed President William Dudley, Vice Chairman Stanley Fischer and Governor Lael Brainard all jolted market rate hike expectations to near certainty last week through a series of speeches and comments.
What's remarkable is that Fed officials don't see a need to guard their options and wait for the February employment report, which will be out Friday. That means they have probably seen enough evidence to convince them it's time to go. Here are few indicators that emphatically say the central bank needs to move soon.