The Fed is having second thoughts about raising interest rates further
|11/22/2017||Posted by BusinessMediaguide.Com under General World News||
- Federal Reserve Chair Janet Yellen raised fresh concerns about low inflation in Tuesday evening speech.
- Fed minutes from Nov. 1 meeting show doubts exist among policymakers about whether low inflation is in fact transitory.
- Wall Street is still counting on a December interest rate hike, but future rate increases may be in doubt unless inflation and wages pick up.
Between Janet Yellen’s speech Tuesday night and the minutes of the Federal Reserve’s November meeting, one message is becoming increasingly clear: Officials are growing uncomfortable with their own forecasts for a “transitory” period of inflation below the central bank’s target.
It means interest read more >>>