Friday/ no rate change

There was aIMG_5667 sm Federal Open Market Committee (FOMC) meeting on Wednesday; a meeting with a foregone conclusion that there would be no increase in the federal funds rate, though.  Where are the days when the Fed could increase rates by 0.25% without risking to destroy the world economy? .. and will inflation ever get to 2%, and the funds rate ever reach say, 4%, again?  Janet Yellen admitted that the looming Brexit* possibility was also a factor in the decision to keep rates the same.

*The upcoming referendum on Thu Jun 23, where Britons will vote whether the UK should stay in, or exit the European Union.

The ’70s and ’80s were WILD TIMES for the federal funds rate, that’d for sure .. but the rate lying flat on zero or near zero for 10 years is totally unprecedented, as well.  P.S. The answer to the Quiz Question is ‘A’.

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