However, the hawks made some progress with Fisher adding his dissent to Plosser's and 14 members now expecting a hike in 2015, up from 12. But perhaps the most notable change was in the dot chart as the median estimate for the end of next year rose to 1.375% from 1.125%.Read More...
A rallying trifecta in the US dollar, equity indices and bond yields emerged after the FOMC issued slightly more hawkish projections on the Fed Funds rate. 14 of the 16 Fed members expect a rate hike in 2015, but more importantly, the median estimate for the Fed Funds rate by end of 2015 is now 1.375% from 1.0% in the June projections. Red-line comaprison of FOMC statement and dots forecasts are here.Read More...
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- Less than 50-1