As long as the inflation outlook stays mild, the Fed said it plans to keep the short-term interest rate it controls near zero until the unemployment rate falls to at least 6.5 percent.Inflation will likely tick up in coming months, mostly because gas prices have risen. Nationwide, the average price of gas was $3.75 a gallon on Tuesday, according to AAA. That's an increase of 45 cents a gallon in just the past month.
Ahead Of The Bell: US Wholesale Prices
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts