Yet inflation has dipped further below the Fed's target rate, thanks to plunging oil prices and a surging dollar. At the Fed's last meeting in December, its statement said officials thought they could be "patient" in moving to raise their key short-term rate, which has been kept at a record low near zero for six years. "The Fed does have more latitude, given the rise in the dollar and the collapse in oil prices," said Mark Zandi, chief economist at Moody's Analytics. The plunge in world oil prices, which have fallen 60 percent since June, has contributed to lower inflation even as the U.S.
Fed Is Expected To Remain 'patient' About A First Rate Hike
By MARTIN CRUTSINGER, AP Economics Writer, Seattle Post-Intelligencer: Business
Wed, 01/28/2015 - 1:52am
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Bank Indonesia will cut its key interest rate next quarter and again in the fourth quarter, later than previously expected, as inflation rises and the rupiah weakens on renewed hawkishness from the U.
04/21/2024 - 6:21 pm | View Link - Average 30-year fixed mortgage rates continue to climb as inflation persists, analysts say
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04/19/2024 - 8:37 am | View Link - Investors betting on longer-duration debt funds need to be patient
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