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The Fed isn’t going to raise interest rates again until Christmas — at the earliest





Donald Trump Christmas Tree rally

Think of it as a really, really gradual pace.

Federal Reserve officials appear to be warming up to the notion that a decline in inflation away from the central bank’s 2% target might turn out to be more entrenched rather than “transitory,” as policymakers first predicted.

This means that any possible justification for more aggressive interest rate increases has effectively evaporated.

In the July policy statement that accompanied the widely expected decision to leave interest rates on hold, the Fed said: “On a 12-month basis, overall inflation and the measure excluding food and energy prices have declined and are running below 2%.”

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Source:: BusinessInsider.Com

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