Callum Turcan
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Callum Turcan in Oil & Gas Investing,

FED Doesn't Hike Rates

The Federal Reserve decided not to raise rates at its latest Federal Open Market Committee meeting, with all but one member [Lacker] voting for the proposal. In its press release, the FED stated that;

"Inflation has continued to run below the Committee's longer-run objective, partly reflecting declines in energy prices and in prices of non-energy imports. Market-based measures of inflation compensation moved lower; survey-based measures of longer-term inflation expectations have remained stable."

With inflation below the FED's 2% goal, it plans to continue with its easy money policy to achieve its other mandate, which is "maximum employment". The ZIRP world continues.