The U.S labor department reported a CPI increase of .2% last month after experiencing consecutive months of decline. As the U.S begins to get back on track in terms of economic stability the market is showing signs of moving in the right direction. With economic activity on the rise the Fed has talked about increasing interest rates, which has been near zero since 2008. Janet Yellen has stated that she plans on increasing the interest rate back to its 2% target point by possibly this summer. As long has the economy continues to show improvement expect interest rates to rise over the near future.
http://www.cnbc.com/id/102529569
3 comments:
This is certainly good news for the progress of the economy. And even if it is a little bit at a time, it seems that the Fed is likely to begin hiking interest rates in the summer, signaling a return to more normal interest rates. Hopefully, we will continue to see progress over the coming months.
This is surely good news for the U.S. We would expect more growth as the fed stimulate with their plan on increasing the interest rate. More investment and less savings to come.
It seems like great news. Other figures seem to indicate that the USA is moving towards a better economic period. The job market has been improving with reduced unemployment rates.
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