A few weeks ago most pundits were certain the Federal Reserve would raise interest rates sometime this year. Now it doesn’t seem so certain. In fact, it seems unlikely now.
Janet Yellen may be an even better predictor than she knew. She said rates might not increase until 2017. As the years went by, the dial seemed to move to an earlier date as the US economy was improving, but that may be changing.
The 2017 prediction was probably based on demographic changes, with a larger retired population coming. We may end up in a situation where 2017 is still the year.