Fed Holds Target Rate The Same
Well, The Fed gave their expected news: no rate hike at the May 2nd meeting and they proclaimed that inflation is just around the corner.
Bloomberg: The FOMC’s two-day meeting followed the release of data Monday that showed inflation measured by the central bank’s preferred gauge had hit its 2 percent target after being below that goal for almost every month since April 2012.
You mean that the core PCE deflator YoY wasn’t 2% in January through March 2017??