Quote by Anonymous
““The Fed forecasts core inflation of 1.5 per cent this year, 1.85 per cent in 2015 and 1.9 per cent in 2016, as it thinks unemployment will keep downward pressure on wages. The behaviour of inflation is crucial: if wages and price rises start to accelerate, it will be evidence of lower spare capacity than the Fed thought, forcing it to consider earlier and faster rate rises.””
