13-03-2017 19:52 via feedproxy.google.com

It's time to start paying attention to the dot plot

The Federal Reserve has been infamously overoptimistic about the US economy in recent years, prompting them to frequently revise down their forecasts for economic growth as the year progresses.
Yet Wall Street will let bygones be bygones this week as the Fed looks set to raise interest rates by another quarter point. That’s because, with the widely-telegraphed rate increase all but baked into expectations, the market’s attention is now turning to the projected path of interest rates
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