“Somewhere, beyond the sea”

When we get there rates will rise!

Meanwhile:

“The forecasts show that Fed officials still expect slow progress on achieving their 2% inflation target, hitting that mark some time in 2018. Officials lowered their median projection of inflation this year to 0.4%, from 0.7%, with the median projected rate of inflation coming in at 1.7% next year, and at 1.9% in 2017.”

2 thoughts on ““Somewhere, beyond the sea”

  1. Perhaps we’re getting closer to that “come to Jesus” moment when they figure out that the interest rate peg is obsolete. So they are not as single-minded as I gave them credit for. Wonders never cease.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s