There was a
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.
