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Tag Archives: inflation

INTEREST RATES

The International Monetary Fund is urging the Federal Reserve to defer raising interest rates until there are greater signs of wage or price inflation than are currently evident. That’s likely early 2016.

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INTEREST RATE HIKES?

Federal Reserve officials said they are unlikely to start raising short-term interest rates in June at their April policy meeting. Officials have been saying they won’t begin lifting their benchmark federal funds rates from near zero until they see more improvement in the labor market, and are confident inflation will rise toward their 2% target, the… read more

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INFLATION FORECAST

Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Tuesday it could take nearly half a decade for inflation to get back to levels central bankers deem appropriate. He sees the probability of inflation averaging more than 2% over the next four years as being “considerably lower” than the probability of inflation coming in less… read more

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FED AND FOOD PRICES

Today’s Wall Street Journal reports the Federal Reserve is overlooking food prices in its inflation outlook for now.  The consumer price of ground beef in May rose 10.4% from a year earlier while pork chop prices climbed 12.7%. The price of fresh fruit rose 7.3% and oranges 17.1%. But prices for cereals and bakery products… read more

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