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Fed Lowers GDP Forecast, "Dots" Indicate 13 Participants See First Firming In 2015, Up From 12 In December
While everyone is debating just what the Fed's new qualtiative guidance means, the Fed quietly lowered its GDP forecast for 2014-2016 modestly from its December forecast, even as it sees unemployment falling faster than before, and hitting 5.2%-5.6% by 2016.
And perhaps more important, the "dots" now indicate that the number of people who see policy firming in 2015 is 13, up 1 from 12 in December.
And the punchline: the median 2016 rate forecast has risen from 1.75% to 2.25% - half a percent higher despite what is effectively weaker overall economic projections.
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I agree it will get lower faster.
As the Labor Participation Rate continues to drop.
#WINNING?
The Burro Of Lying Statishits will have to lie harder is all.
Burrocracies make the ruling of the many byt he few very easy.
All burrockrauts need a kick in the ass.
I "crack" mysef up sometimes....
ori
ughhhhhhhhhhhhh when will this whole charade just end
Sooner than they think, but later than we think.
And faster than anyone expects when it starts.
and what r the phony paper prices of the only 2 forms of money doin?????
nothin!
"yeah, but sometimes nothin is a real cool hand..."
Cool Hand Luke
keep stackin
Voted up for quoting Cool Hand Luke...
Considering the FED's previous forcasting abilities, assume error bars of 100% in either direction.
Was gonna bet on black or maybe red but now I am on double zero, best odds? I can always change my mind after I put down the bet, right?
Long nail guns.
Short honest accountants.
Thank the State I have my myRA! Whew... When times get tough, there's nothing like knowing your hard earned money is safe & sound in US Treasuries.... *facepalm*
That just means that Belgim owns you and your retirement funds
Belgium has not purchased the amount of treasuries being reported.
If everyone is unemployed, no one is unemployed.
I can't feel the dots on that braille chart with this old monitor, whats it say?
how can people be so fucking stupid to believe one word these fuckheads say?
Lower GDP should lower interest rates, not raise them.
Is there any diference between FED forecasting and PBOC forecasting?
Here comes the speech....Yellen at the helm....anyone scared....
Lower GDP = Buy stawks, sell UST. Mmmkay.
When's the last time they raised the forecast(and were right)?
By adding millions of burger flipping jobs we'll be at 2% unemployment by 2020, plus think of all the additional jobs we can create to process all the foodstamps these people will qualify for.
Not to mention the GDP boost from everyone taking out student loans for tuition and drugs, which should come in around 100k a year by 2020. Then with all the Associates/Bachelors degrees these people will be getting from online universities, the economy will truly take off due to the unprecedented pool of skilled labor that is created.
Stagflation
I am waiting for one of these meetings to announce the answer to be '42'.
Real GDP is negative.
Government spending is the largest component of GDP.
Their numbers are FUBAR.
I don't give a fuck where they went to school.