NAFCU Chief Economist Curt Long on FOMC Meeting Ahead: No Interest-Rate Increase

FOR IMMEDIATE RELEASE | January 25, 2016

NAFCU Chief Economist Curt Long on FOMC Meeting Ahead: No Interest-Rate Increase

FOR IMMEDIATE RELEASE

NAFCU Chief Economist Curt Long on FOMC Meeting Ahead: No Interest-Rate Increase

Washington (Jan. 25, 2016) - National Association of Federal Credit Unions (NAFCU) Chief Economist Curt Longoffered his insight on the Federal Open Market Committee's upcoming two-day meeting and the likelihoodthat FOMC will announce no interest-rate increase this week.

"We expect the FOMC will make no change in the federal funds target rate during this week's meeting," said Long. "Weakness and volatility in the stock market, combined, with a lack of inflationary pressure, will likely give the committee pause before it takes the next step in normalizing rates."

The National Association of Federal Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation's federally insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. www.nafcu.org.

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Patty Briotta
Director of Public Relations
703-842-2820
pbriotta@nafcu.org

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