The Fed's Revised Economic Projections

Tyler Durden's picture

If there is one thing to be said about the just revised economic projections from the Fed (2013 GDP slightly lower on the upper range, the same as the unemployment rate which the Fed now sees dropping to as little as 6.7% in 2014), is that the economy will do everything but what the Fed has forecast, at least if history is any indication.

When it comes to tightening, the Fed agrees: not for a long, long time: