Pantheon Macroeconomics - Markets don't believe the Fed's interest rate forecasts. For the fourth quarter of this year, that's probably right; the FOMC's median projection back in March was 0.63%; that will likely be revised down this week. For the next two years, though, things are different.

U.S. Documents | 15 June. 2015 Unwinding the Double Delusion - Brace for Rising Rate Expectations
Markets don't believe the Fed's interest rate forecasts. For the fourth quarter of this year, that's probably right; the FOMC's median projection back in March was 0.63%; that will likely be revised down this week. For the next two years, though, things are different.

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15 June. 2015 Unwinding the Double Delusion - Brace for Rising Rate Expectations

By Ian Shepherdson

Markets don't believe the Fed's interest rate forecasts. For the fourth quarter of this year, that's probably right; the FOMC's median projection back in March was 0.63%; that will likely be revised down this week. For the next two years, though, things are different.

Posted: 15th Jun 2015 in 'U.S. Documents'

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