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Where Are Interest Rates Headed? Board of Governors-Federal Reserve System Update

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Real Estate Agent with Allison James Elite CA. DRE 01501699

Chris B Johnson, REALTOR®          Time To Buy #ChrisBJohnsonRealtor          Buying a Home This Summer                     Selling Your Home This Summer

Summary: In sum, since the February 2015 Monetary Policy Report, we have seen, despite the soft patch in economic activity in the first quarter, that the labor market has continued to show progress toward our objective of maximum employment. Inflation has continued to run below our longer-run objective, but we believe transitory factors have played a major role. We continue to anticipate that it will be appropriate to raise the target range for the federal funds rate when the Committee has seen further improvement in the labor market and is reasonably confident that inflation will move back to its 2 percent objective over the medium term. As always, the Federal Reserve remains committed to employing its tools to best promote the attainment of its dual mandate. 

 

Any Predictions As To When???

 

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