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home / news releases / TYBS - It's Hard To Raise Inflation If It's Unclear Why It's So Low


TYBS - It's Hard To Raise Inflation If It's Unclear Why It's So Low

The Federal Reserve Wednesday announced that it would keep interest rates near zero for "some time" until the economy generates full employment and inflation is "moderately" above the central bank's 2% target. Judging by the new economic projections released by the Fed, rates will remain on hold for several years.

Even if inflation runs at a 2% level at some point, the central bank now anticipates that it will be slow to raise rates. "This is dovish - lower rates for longer, higher equities, weaker dollar," says Jon Hill, senior fixed income strategist at BMO.

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Stock Information

Company Name: Direxion Daily 20+ Year Treasury Bear 1X Shares Direxion Shares ETF Trust
Stock Symbol: TYBS
Market: NYSE

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