As with IHS Markit and their estimations of Federal Reserve policy in the near future, we can't see any great evidence of a coming significant rise in interest rates nor a change in policy nor forward guidance. Moody's Analytics looks at an entirely different measure to come to much the same conclusion. We can't see any producer inflation coming down the line, therefore we don't particularly think there is any inflation coming down the line. Given the Fed's dual mandate, therefore, no change in policy over interest rates is likely to be forthcoming.
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