“Somewhere, beyond the sea”

When we get there rates will rise!


“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 Perhaps we’re getting closer to that “come to Jesus” moment when they figure out that the interest rate peg is obsolete.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.

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