SPDR-SP 500 TR (SPY): ETF Research Reports ISHARS-20+YTB (TLT): ETF Research Reports To read this article on Zacks.com click here. 3) The Fed said: The Committee recognizes that inflation persistently below its 2 percent objective could pose risks to economic performance…". The Fed does see inflation moving toward its goal over the medium term like June, but added the risk to the July statement.