Interest rates going up this month?
EconoMeter panel anticipates Federal Reserve action — or nonaction
from San Diego Union Tribune’s EconoMeter panel.
Q: Should the Federal Reserve raise short-term interest rates this month?
Bob’s Answer: NO
The truth is, while the economy appeared to have returned to relative full health recently, the strong dollar, oil price declines, lackluster jobs recovery and stock market uncertainty have led me to oppose an increase. Our rates have remained flat for almost seven years but I do not feel this economy is ready and I believe consumer confidence and our economic expansion are at risk even if we nudge the rate up just 25 basis points.
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