This time the two differing sets of data are centered around inflation. Economists see it climbing, while the Federal Reserve simply calls it “noise”.
In last week’s press release at the end of its two-day meeting, the Federal Reserve’s Federal Open Market Committee stressed that “inflation has been running below the Committee's longer-run objective [of 2%]”, and as such the committee would be keeping interest rates at historically ultra-low levels for a “considerable time”. In fact, the statement seems to indicate the Fed is more concerned about deflation than inflation.
This time the two differing sets of data are centered around inflation. Economists see it climbing, while the Federal Reserve simply calls it “noise”.
ReplyDeleteIn last week’s press release at the end of its two-day meeting, the Federal Reserve’s Federal Open Market Committee stressed that “inflation has been running below the Committee's longer-run objective [of 2%]”, and as such the committee would be keeping interest rates at historically ultra-low levels for a “considerable time”.
In fact, the statement seems to indicate the Fed is more concerned about deflation than inflation.