The Fed Is Closer to Hitting its Inflation Target than People Think

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The Fed Is Closer to Hitting its Inflation Target than People Think

Recent economic data has remained mixed enough to keep investors uncertain as to the Fed’s likely timeline for upcoming rate hikes. Consensus expectations are still for the first rate hike to come late this year or early in 2016. However, this article examines evidence that the Fed may have enough confidence in its inflation outlook by the September meeting to announce its first rate hike since 2006.