December Liftoff? The Case for Waiting

It's the question on everyone’s mind: will the Fed raise interest rates for the first time in nearly a decade at the December FOMC (Federal Open Markets Committee) meeting? Jan Hatzius, chief economist at Goldman Sachs, notes that the latest signals from the central bank’s leadership suggest a December hike is in the cards. Still, with wage growth and price inflation far from the Fed’s targets, he says it may be more prudent to wait.