(Reuters) - This latest reading should provide some comfort to Federal Reserve policy-makers who on Thursday opted to hold interest rates steady but still cautioned that inflation was a key concern.
"It's a dip into their comfort zone and if it's sustainable going forward, I think it suggests that the Fed is not in a position to raise rates any time this year," said John Silvia, chief economist at Wachovia Securities in Charlotte, North Carolina.
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"It's a dip into their comfort zone and if it's sustainable going forward, I think it suggests that the Fed is not in a position to raise rates any time this year," said John Silvia, chief economist at Wachovia Securities in Charlotte, North Carolina.
Read more at Reuters.com Economic News
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