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Fed Ignoring Market Rate Spikes – Basing Policy on “Actual Data”

The median of the Fed dot-plot (a summary of the individual member views on where Fed Funds will be over the next three years) indicated no changes in the Federal Funds Rate until 2024.  But, because the Fed upgraded its economic (GDP) forecast to 6.5% from 4.2% for 2021, and a few more FOMC (Federal Open Market Committee) members moved their “next rate hike” forecast into 2023, the market is …Read More