The Federal Open Market Committee (FOMC) meeting today (Wednesday) continued to fuel discussions about when the U.S. Federal Reserve is going to finally raise interest rates.
After all, labor market conditions have cleared up - at least by the Fed's metrics. The economy added 295,000 jobs in February, and the unemployment rate sits at an impressive 5.5%. But the other side of the Fed's dual mandate paints a grimmer picture. The U.S. is in deflation.