The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period.
Not really a surprise.
3 comments:
Personally it feels like the Fed is so deadly worried about future inflation and letting the private sector take the baton that they've cut some of their programs early and are unwilling to use any more of their arsenal.
"likely to warrant exceptionally low levels of the federal funds rate for an extended period."
We're still in deep Dew-Dew. We anticipate we will remain in deep Dew-Dew. Would the last one out please turn off the lights.
At least on the the plus side I don't think housing sales could get much worse than this nightmare. You can only break so many records before you literally hit zero and something will have to give eventually. Tree's don't grow forever but droughts don't last forever either...I guess it just feels like forever when it's happening.
Post a Comment