-
The Chart That Explains the Fed's Thinking Behind the Next Rate Rise
Chair Janet Yellen has found an unusual pacifier for financial markets anxious for clues about the Federal Reserve’s intentions: a chart with 68 blue dots. The dots represent Fed officials’ forecasts for their main interest rate over the next three years. At her press conference this week, Yellen deployed them to emphasize her message that policy will remain easy for “quite some time” after the Fed raises rates above zero. Investors took note. Stocks rallied after the so-called “dot plot” showed more Fed officials projecting just one rate rise this year, instead of two or more, and slower increases ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jun 20, 2015 3:29am Jun 20, 2015 3:29am
- Nfp
- | Membership Revoked | Joined Jun 2012 | 72 Comments
- Comment #2
- Quote
- Jun 21, 2015 2:38am Jun 21, 2015 2:38am
- Ill-b-back
- Joined May 2011 | Status: Get to the Chopper | 3897 Comments
Come with me if you want to live....
- Comment #3
- Quote
- Jun 22, 2015 12:30am Jun 22, 2015 12:30am
- Michealliew
- | Joined Nov 2014 | Status: Member | 42 Comments