Pantheon Macroeconomics - The Fed's unanimous vote for a 25bp rate hike was overshadowed by the bump up in the dotplot for next year, with three hikes now expected, rather than the two anticipated in the September forecast. Chair Yellen argued the uptick in the rate forecasts was "tiny", but acknowledged that some participants moved their forecasts partly on the basis that fiscal policy is likely to be eased by the new Congress.

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15 December 2016 Congress, Growth and Inflation Will Determine What the Fed Does Next

By Ian Shepherdson

The Fed's unanimous vote for a 25bp rate hike was overshadowed by the bump up in the dotplot for next year, with three hikes now expected, rather than the two anticipated in the September forecast. Chair Yellen argued the uptick in the rate forecasts was "tiny", but acknowledged that some participants moved their forecasts partly on the basis that fiscal policy is likely to be eased by the new Congress.

Posted: 14th Dec 2016 in 'U.S. Documents'

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Keywords for: U.S. Documents | 15 December 2016 Congress, Growth and Inflation Will Determine What the Fed Does Next

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