Not to worry, that's all the people in Georgia still working for a $5.15 minimum wage and picking up a 2nd and 3rd job. Georgia is proud to announce that any person willing to work three full time jobs can achieve more than a $15 an hour minimum wage. Sing along with me:
I wish I was in the land of cotton, Old times there are not forgotten;
Forget that 50bp hike this month. The market started pricing in a 75bp hike the moment the news hit. This pricing in shall continue next week until the other side will start voicing maybe it will be 50 only. On a sane note, the rates are heading for 5%, even though one month does not make a trend, but Chairman P. will take no chances.