Fed Interest Rate Remains Zero

Members of the Federal Open Market Committee agreed they need to see continued improvement in U.S. economic data including further firming in the labor market, and more confidence inflation will move back to the central bank’s 2% target before it can begin to increase short-term interest rates from historic lows. Some members noted concern about China’s stock-market volatility, and the continued softening of global oil prices.  Source: Fox Business News

 

Comments

 

It looks like we may not have the Dow tank this year, especially if investors flee Europe and buy US stocks.  We will certainly not have our labor market “firm up” unless we stop immigration. We might escape some of the global economic decline if Congress can cut federal spending enough to balance the budget. We are wasting $1 trillion a year on federal programs designed to damage the US economy.

 

Norb Leahy, Dunwoody GA Tea Party Leader