If you read a lot of financial press, commentary, etc. it's easy to think the Fed makes decisions based on the market. I think that is a false narrative, even though the market will react to decisions. However, there are plenty of people with great influence, *ahem* bankers, that have access to Fed members. And who threw a small fit when they didn't raise rates? Those bankers are sick of low interest rates. The Fed's job is to balance growth and inflation, cool down too much inflation and try to avoid deflation. FS is right, if the targets aren't met, rates should stay low...
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