Almost 8 years of record low Fed interest rate

The September 2016 Federal Open Market Committee projections can be found here.  The Fed decided not to raise it’s federal funds rate.  The projections may interest you, as they predict PCE inflation will rise from about 1.3% this year to 1.9% in 2017.  Also, the Fed funds rate is projected to rise from .6% at the end of 2016 to 2.6% at the end of 2019.

Perhaps December 2016 will see another Fed rate hike.  It’s predicted that the Fed funds rate will rise to 1.1% in 2017, which is only slightly above the 2003 earlier historical low of 1%.  It’s possible that the Fed rate will make it above that 1% mark in 2017 or early 2018, but if not then the U.S. may see a record low Fed interest rate last 10 years — it started in December 2008.

It may not be what everyone wants — 3 out of 10 on the Fed voted for a rate hike — but it’s certainly NEWWorthy.

Money Bag clip art

Pizza ATM

Blaze Pizza is — or is one of — the pizza company that made the 3-minute pizza famous.  Not only is it prepared quickly, many swear it’s good!

But Blaze’s success may also be problematic for them.  Now there’s Pizza ATM, which also makes pizza quickly but doesn’t require a preparer at the time of order.  The pizza ingredients are assembled earlier and placed in the Pizza ATM, to be cooked in a few minutes time when someone places their order at the kiosk.

Technological progress isn’t always pretty.  It’s like Uber drivers being replaced by automated cars.  In this case, Pizza ATM can easily coexist with Blaze and other quick-pizza businesses, because the ATM is only at one university in America so far.  Also, you can request much more variety on your pizza from a human preparer.

What if eventually cooking time comes down to 1 minute? Will consumers prefer a Pizza ATM at their local grocery store or other close-by location over driving to Blaze for the eat-out experience?  Or maybe pizza lovers will prefer that a robot deliver their prepared pizza to them.  Or how about robot pizza preparation for your eat-out pizza?  Time will tell.

Pizza Slice Mushroom Veggies Pepperoni clip art