Friday, December 19, 2014

Direct From the Federal Open Market Committee

Forget about CNBC, Bloomberg, Reuters, Analysts Reports, Newspapers e.t.c. It's best to be informed from the source. 

"......When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent. The Committee currently anticipates that, even after employment and inflation are near mandate-consistent levels, economic conditions may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run......"- Federal Open Market Committee, 17 Dec 2014

Seems like those who are heavily leveraged in loans, especially floating rate home / mortgage loans can heave a great sigh of relief. 

Current US inflation rate: 1.3% as reported by the Bureau if Labor Statistics (BLS) on December 17, 2014. 

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