In addition to releasing its "no change" interest rate statement, the Fed also released today, their economic projections and the target federal funds rate projections made by Federal Reserve Board members.
The median current projections on the expected Fed Funds rate versus the June projections--in parentheses, are below :
2015 at 0.4% (versus 0.6% before)
2016 at 1.4% (versus 1.6% before)
2017 at 2.6% (versus 2.9% before)
2018 set at a preliminary 3.4%
I believe the rate hikes, especially in the outer years, are far below the actual rate hikes that will occur.
-RW
No rate hikes this year
ReplyDeletePerhaps even no rate hikes until every saver has capitulated. (spent it all and gone into debt)
DeleteWenzel...I think you talk to too many insiders. You are drinking the kool-aid right along with them these days.
ReplyDeleteKeep a healthy distance. Your analysis was better years ago before you got "popular."
You used to understand they were lying when they promised rate hikes...
With all the "everything is awesome and rates are going up in Sept" clunker calls/posts lately I'm thinking maybe he has replaced Chris Rossini with Jerry Wolfgang. ;)
Delete