The Fed: Friend and Foe to Baby Boomers

In her press conference following the latest FOMC meeting, Fed chair Janet Yellen said interest rates could increase only if inflation rises from current levels of about zero percent to the Fed’s target rate of 2% and if unemployment rates are lower. So will the impending increase linger into 2016 or will there be a rate hike in October or December, at the two remaining FOMC meetings this year?