3.9 C
New York
Thursday, February 19, 2026

Fed Hikes, “Dot Plot” Shows 3 More Hikes in 2017: Live Press Conference at 2:30 EST

Courtesy of Mish.

The Fed hiked rates today to a range of 1/2 to 3/4 percent, as widely expected.

The Wall Street Journal reports Fed Raises Rates for First Time in 2016, Anticipates 3 Increases in 2017

There is nothing to that effect in the FOMC Press Release.

However, the Fed’s internal “Dot Plot” survey shows Fed members believe three more hikes are coming in 2017. Yellen also discussed the “Dot Plot” in her news conference following the announcement.

dot-plot-2016-12-14b

I will believe three rate hikes when I see them.

You can also watch the Live Press Conference at the FOMC site.

 

 

Continue reading here…

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

149,507FansLike
396,312FollowersFollow
2,650SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x