Fed that cried wolf? Rates forecast in doubt...
Practically no one expected the Federal Reserve to do very much at this week's meeting, but it's possible the central bank actually did less.
The Fed did not raise interest rates on Wednesday and gave no indication of when the next hike might happen — virtually a prerequisite for movement on rates. As a result, 2017 is shaping up as another year in which Fed officials' time frame for rate hikes is looking too aggressive.
At least in the market's eyes, there is little chance of a hike in March, and not much likelihood that the Fed will meet the projections at the December meeting that indicated three hikes are on the way this year
For the year, productivity rose a tiny 0.2 percent. It was the worst showing in five years.
Edited by Rogerdodger, 02 February 2017 - 09:05 PM.