9/22/2016
The Federal Reserve decides to leave interest rates alone in September. We would expect their next token bump up no earlier than December, and more likely in Q1 of 2017. As more people re-enter the work force, and without evidence of significant acceleration of inflation, we’ll make a guesstimate that they won’t take any action until the unemployment rate nears 4.5%, which is likely to occur in the first half of 2017 (barring any weird election outcomes.)
