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EDITORIAL

Feeble US inflation: does the Fed still hold temporary factors responsible?

Friday, October 23, 2015 - 05:50

US Federal Reserve.jpg
For much of this year, the conventional wisdom on Wall Street has been that after seven years of loose monetary policy under which short-term interest rates were pushed to near zero, the US Federal Reserve would take the first steps towards raising the federal funds rates before end-2015.

FOR much of this year, the conventional wisdom on Wall Street has been that after seven years of loose monetary policy under which short-term interest rates were pushed to near zero, the US Federal Reserve would take the first steps towards raising the federal funds rates before end-2015.

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