Of a thirdrate hike this year, but they say perhaps, they need to slow down. Quote, it was noted that some patience in removing policy accommodation was warranted a few of these participants thought no further increases in federal funds rate were called for in the near term. That upward trajectory of the federal funds rate might appropriately be quite shallow. To sum it up, trish. Fed is worried about persistent low inflation. That they want to go forward with another rate increase in december, there is disagreement in pace of future action on rates and that key quote, might result in the federal funds rate staying uncomfortably close to its effective lower bound. Back to you. We have robert luna, and steve cortes an our very own lori rothman there at nyse for us. Steve, start with you, why is there no inflation . Why is it so low . Well, this has been a persistent problem obviously ever since the Great Recession we came out of. We had low growth, and weve had very little wage growth.
West Easton councilman has died, mayor confirms lehighvalleylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lehighvalleylive.com Daily Mail and Mail on Sunday newspapers.