SMP: Rising interest rates: The Fed vs the Treasury?

Hace unos días la Reserva Federal decidió mantener las tasas de interés sin cambios. Pero hasta hace una semanas se especulaba con un aumento de tasas (incluso según pronunciamientos de la Fed).

En este post en SMP comento sobre tres posibles razones por las cuales la Fed puede haber decidido seguir manteniendo las tasas de interés en mínimos históricos.

In its latest meeting, the Federal Open Market Committee (FOMC) decided to not increase the Federal funds rate target, extending the lower zero bound policy until at least their next meeting. Although the decision was not unexpectable, some people did find it a bit surprising. The post 2008 recovery has been one of the slower ones in U.S. history and its fair to say that if it were possible, the Fed would likely push interest rates below zero percent.

The unemployment rate has decreased from 10 percent in 2009 to close to 5 percent today. The core-CPI inflation rate, though not showing an upward trend, does depict values close to 2 percent (between 1.70 and 1.80 percent) on a yearly basis. It would seem, then, that the Fed is concerned with more than just unemployment and inflation, its mandated responsibilities. Three key issues come to mind.

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