After holding interest rates near zero for over six years, the Fed recently decided to keep them at zero, at least for the next few months. Although Fed officials acknowledged improving business investment numbers, they provided three other reasons for keeping rates unchanged:
- Lower market-based measures of inflation.
- Global economic developments (which means China-related issues).
- Financial developments (that is, the recent correction in equity prices).
However, it’s important to recognize that fluctuati.....