"If The Fool persists in his Folly he will become wise." - William Blake
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Fed watchers await rate forecast with a hike all but certain
Another interest rate increase is all but certain when the Federal Reserve meets this week. What’s not so sure is whether the vigorous U.S. economy will lead the Fed to accelerate its rate hikes in the months ahead — a move that could raise the risk of a recession. When it last met in May, the Fed left its short-term rate unchanged. But it noted that inflation was edging near its 2 percent target after years of remaining undesirably low. Should inflation eventually pick up, the Fed might move to tighten credit more aggressively. The challenge would be to do so without slowing growth so much as to cause a ... (full story)
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