I wrote prior to the Fed meeting that there would be no rate rise. The Fed cannot ever say from this point that rates can't go up for a long time if ever unless there is mass inflation. That admition would be the final nail in the coffin of credibility for those die hards that think EVERYTHINGS AWESOME !
It is easy.
Data between now and next meeting will of course lead to…
NO RATE RISE IN OCTOBER
NO RATE RISE IN DECEMBER
In 2o16 ? ? ?
I do not need to add or remove any more from my predictions for rates this year as I KNOW it will not happen.
Expect more bad news and probably a 'black swan' events to get to that tipping point. Remember INFLATION IS NEEDED to reduce nominal debts.
Good luck as we'll need it.
JFI
Follow The Money, page-13
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