The Feds decision to maintain monetary policy unchanged at the end of the June 15 meeting was widely expected by economists and investors.

Despite the data published over the recent weeks indicated a solid growth rate of the economy in the short term, the medium-long term perspectives of the US economy are worsening.

Yield curve flattening, declining corporate profits and the downward trend of Fed's labor market condition index are a negative indication for the economy going forward.

Without a turnaround - or a stabilization - of these indices, the US economy could flirt with recession in late 2016 /early 2017.