Fed: This is what it sounds like when doves cry

From olivierdesbarres.co.uk

The Federal Reserve is unlikely to hike its policy rate from 0.25-0.50% at its 16th March 2016 meeting and may have little choice but to revise down its expectations to around 3 hikes for 2016 in its accompanying projections. In the 16th December “dot-chart”, the median expectation among the 10 voting Federal Open Market Committee (FOMC) members and 7 non-voting members was for four hikes this year (the weighted average was for a slightly less hawkish 91bp of hikes). This would imply a hike every other meeting, most likely faster than the “gradual” approach Chairperson Yellen and other members have ... (full story)