The Federal Reserve on Wednesday said it doesn’t expect to raise rates until the end of 2023 at the earliest and it set out new economic conditions that must be met before it will raise them.
Greg McBride, chief financial analyst at Bankrate.com, said this language means investors should “get used to the low rates because they are here to stay.”“The guidance means they need their own forecast for inflation to be above 2%, but they are not tying it to the realized level of inflation,” Carpenter said.There were two dissents to the Fed forward guidance.
“We’re the first major central bank to adopt this framework. There is no cookbook. And so of course there would be a wide range of views,” Powell said. He said the Fed would work to earn credibility. The Fed said again that the path of the economy will depend on the course of the coronavirus pandemic though.
Print more $, until it’s equivalent to rubbles.
Only the Federal reserve knows the shit we all are in and acknowledges it. Other govt agencies are pandering to the whiny
Big inflation coming by 2022!!
I always worry about forecast statements such as this . It is a complete unknown . Rates could sky rocket and smash anyone with a small amount of debt
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Okay
The house of cards will fall apart after the election
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Federal Reserve Says It Will Keep Interest Rates Near Zero Until 2023The Federal Reserve says it will keep interest rates near zero until 2023 by skleb1234 skleb1234 tell your editor to play me back in 8 ball skleb1234 Neat But can that be changed like ' Adjustable rates '. And that has nothing to do with ' at will employment laws ' nor Job quality to sign long contracts for leasing/ owning ! 💯
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