March 19: Grand Central: Fed's "Dot Plot" Becomes Window to Its Soul (The Wall Street Journal)
March 19, 2015
To understand the outlook for short-term U.S. interest rates now, you need to pay close attention to the evolution of the Federal Reserve’s economic and interest rate forecasts.
The Fed is moving away from giving “forward guidance” on interest rates – meaning no more assurances that rates will stay near zero for a “considerable time” or that it will be “patient” before acting, or that it will...