Even more evidence that the rate hikes are supporting aggregate demand/employment/GDP/prices etc.
The Fed Chairman has it backwards, and his research staff knows it. And stocks are down on the news as they now expect more rate hiking due to both the strong employment gains and wage increases:
Holding reasonably steady- no sign of a slowdown from the rate hikes. It is the ‘get a job buy a car’ dynamic:
It is party time until the price of oil spike again: