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 thereafter. Some ... (full story)