Correct. I don’t foresee a rate hike this year. The economy is sputtering again.
The economy can get flushed down the pooper but if we get inflation the Fed will raise rates. So far (imho) we're reasonably clear from that risk but just 3 days after I said no inflation the CPI came out w/ inflation (post # 23).
Just in: the GDP "Gross domestic purchases price index" is -0.1% below the previous quarter. We got deflation to the tune of about a half %/year. Forget the rate hikes.