[quote=carlsbadworker]It doesn’t look like Yellen will do anything now for the rest of the year, she might as well go to legoland too.[/quote]
I wouldn’t be so sure of that. The fed will remain data dependent. 30 days from now this could be no more than a blip. The longer the fed waits, the fewer options they have in the long term. Sept we could see another bump, even if the economy is still limping along. .25 to .50 basis points just isn’t going to change anything. They need to get to 2% to have any flexibility at all.
Saddest part of that is that fiscal policy is always going to be more effective than monetary policy during a slow down.
