Fed indicates it will let inflation run above 2 percent goal for 'temporary period'

This article was said if June Hike is 95% chance...

Fed Mester said if 3 or 4 hikes in line this year...

"temporary" means indefinitely and forever in the life of a day trader. cor blimey, they sure don't select fed members based on looks, eish man

Based on The FOMC today...
Probability of June Hike is 90%.
Source: The Fed Minutes

Here...

Wow !! And just like that -- Now, higher or MUCH HIGHER INFLATION is NOT a problem anymore?! It is actually desirable?!
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ALL AND ALL - What this whole thing really means is this: SELL, SELL, SELL -- This is really bad for the economy. [That's all you need to know] -- SELL, SELL, SELL.
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Just to mention a few consequences of high inflation rates:

1. Price Increases
Inflation is defined as an increase in the average price of goods and services, not including wages, that goes uncompensated by increases in income. These price increases can either occur over time or be a sudden, one time event.
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2.Purchasing Power Decrease
Increasing prices without a commensurate increase personal or business income means that the currency suffering from inflation has a lower purchasing power. Fewer goods and services are available for a given sum of money, thus making people and businesses financially poorer.
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3. Increased Spending
In some cases, a fear of increasing prices may trigger people to spend more. This increased spending adds to inflationary problems because it increases demand on a limited supply of products and services, thus increasing prices.
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4. Decreased Saving
Because people and businesses may be afraid that the value of money will continue to decrease and that prices will continue to rise, the increased spending during inflation results in a decreased savings rate.
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5.Periods of high inflation are associated with bad macroeconomic performance. In particular, high inflation is bad for growth. The evidence is based on a sample of eighteen countries that have experienced very high inflation episodes. During such periods, real GDP per capita fell on average by 1.6 percent per annum (compared to positive growth of 1.4 percent in low inflation years); private consumption per capita fell by 1.3 percent (compared to 1.7 percent growth in low inflation years) and investment growth fell by 3.3 percent (compared to positive growth of 4.2 percent in low inflation years).