Interest rates from the Federal Reserve have been zero for the past seven years to spur faster growth. “So far, the central bank has been disappointed,” The Washington Post reports.
There is growing doubt within and outside the Fed that the economy will be strong enough to stand on its own feet before the year is over. Five charts visually explain where this doubt comes from, and why the Fed won’t be increasing rates this month.
For one, the inflation target has been missed, despite lowering unemployment numbers. In addition, wages are stagnant, and there is slow growth in the global economy, especially from emerging markets.
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