(Bloomberg) -- The Federal Reserve held interest rates near zero last week, though 13 of 17 policy makers still expect a rise this year. That forecast faces a major threat: The concerns that persuaded officials to delay action are just as likely to escalate over the next three months as to die down.

Financial market turmoil, slower global growth and lingering doubt about the path of inflation led the central bank to postpone its first rate rise since 2006, according to the Fed’s statement last Thursday. Chair Janet Yellen told the post- meeting press conference that “in light of the heightened uncertaintiesabroad and a slightly softer expected path for inflation, the committee judged it appropriate to wait for more evidence.”

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access