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Fed’s new dot plan shows fund projection southwards bound – BBH

FXStreet (Delhi) – Research Team at BBH, note that it's worth reviewing the Fed's new "Dot Plot" from this meeting which shows that the fund rate projection are falling.

Key Quotes

“Median projection for 2015 Fed Funds fell to 0.375% from 0.625% in both June and March, suggesting only one hike this year instead of two. Median projection for 2016 fell to 1.375% from 1.625% in June and 1.875% in March.”

“Median projection for 2017 fell to 2.625% from 2.875% in June and 3.125% in March. Over the long run, the median projection fell to 3.5% from 3.75% in both June and March.”

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