The Federal Reserve reports that it expects faster economic growth and higher inflation – two factors that historically have triggered tighter monetary policy. But the Fed is playing a different game this time and announced on Wednesday that it will keep interest rates near zero. Depending on your macro outlook, this is either hopelessly naïve or a clear-eyed view of looking through what some anticipate will be reflationary noise for the next several months.
* Fed expects faster growth, higher inflation but holds rates near zero
* Biden outlines broad economic plan to Congress
* Eurozone economic sentiment rebounded sharply in March
* SEC chair resigns over possible conflicts of interest
* Vanguard abandons efforts to obtain mutual fund license in China
* US traded deficit reached record level in March
* US Dollar Index falls to 2-month low: