The Fed's Delicate Dilemma

Bernanke & Co. are being pulled in different directions by the economic data, so don't look for a rate cutor rate hikesoon

Note to investors: The Federal Reserve remains focused on inflation, so don't expect a rate cut anytime soon. However, given the recent weakness in economic data, a rate hike doesn't appear to be in the cards either. Indeed, with growth falling short of the Fed's outlook, and inflation remaining uncomfortably high, it appears the central bank may be on hold for a long while.

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