The Fed continues to ‘revise downward’ their outlook for economic growth potential within our economy…

Therefore, it appears that we will experience historically low rates for an extended term.

Yet, the big IF in this equation comes from the potential inflationary pressures of the money supply build up - will those pressures flare up…

With expectations for low levels of change in the GDP, M velocity should not become an issue in the inflationary pressures analysis…at this juncture at least!

Based upon this recent prognostication, it appears that we can extend asset structure at these lower rates for a bit longer!