JPM says rates need to start rising soon

If employment is at a happy level

There is a report out that has JPM saying a fed funds rate of 0.75% is needed to stabilize unemployment rate.

The Unemployment rate moved down to 5.1% in the latest employment report - the lowest level since April 2008. The low unemployment rate in 2007 reached 4.4%. If the Fed sees full employment, is here, and they become concerned about the inflation implications of higher wages, this would prompt them to tighten sooner of course.

Below this the US Unemployment rate sharp move higher and the steady decline lower....

PS. Do you remember when the Fed targeted 6.5% as the liftoff Unemployment target.