What the Fed may be weighing this week as it eyes short-term interest rates

A big date on the economic calendar this week: the Federal Reserve’s Open Market Committee meeting Dec. 12 and 13. We’ll find out Wednesday whether it’s raising short-term interest rates again. An important piece of the economic puzzle landed on today with the November jobs report. It showed unemployment at a low 4.1 percent and middling wage growth — just 2.5 percent year-over-year. With a mandate to maximize employment and maintain price stability, those are important factors that the Fed will likely be looking at as it weighs whether to raise short-term interest rates. The last time it raised rates was in June 2017, by a quarter percentage point.

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