Binyamin Appelbaum’s summation of yesterday’s Fed Bonaroo makes it clear that Yellen & Co are in absolutely no rush to raise rates, despite the end of quantitative easing happening in the month of October. The graphic below depicts the Fed’s own projections for where the economy is headed, based on current trends. Fed officials still believe the first rate hike happens during the middle of 2015.
Fed Signals No Hurry to Raise Interest Rates (New York Times)
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