What's the effects of the current economy?

[Jeff B.]

As of Feb-05-2016, 

the New York Times is reporting: Wages Rise as Unemployment falls below 5%.

1. Analysts said that the slowdown might push the Federal Reserve to postpone another interest rate increase when it meets next month, but signs of a tighter labor market suggested that policy makers would be looking closely at incoming data.
2. “We are likely to have to two rate hikes this year, probably in June and December,” said Diane Swonk, an independent economist in Chicago, “but the wage gains are important, so March can’t be ruled out.”