WASHINGTON, DC (April 14, 2016) — National Association of Federal Credit Unions (NAFCU) Director of Research and Chief Economist Curt Long issued the following statement today in response to the Bureau of Labor Statistics’ March Consumer Price Index (CPI) data.
“Today’s report should end any doubt about the Fed’s upcoming interest rate decision – there will be no rate hike in April,” said Long. “June is still a possibility, but without any urgency in the form of price growth, the Fed is free to maintain its wait-and-see approach. For the moment, overseas economies are weighing far more on monetary policy than anything happening domestically.”
The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to www.nafcu.org or @NAFCU on Twitter.
