The Feds New Dots

Here’s a look at the Fed’s latest projections for interest rates. These are referred to as the dots since we get to see where all 17 FOMC members are.

dots 1

It’s interesting how the Fed goes from certainty in the near-term to wide dispersion, then back to certainty. I’m most puzzled by 2016 since the FOMC members seem so widely dispersed. It also seems quite high. If I were on the FOMC (I’m not, btw), I would probably be at 2% to 2.25% for 2016. That’s closer to where the futures market is.

Posted by on September 17th, 2014 at 2:55 pm


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