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Not really. This is the official FED forecast. They base interest rates decisions on this. (Interest rates for some people, not your credit cards) This could g

Not really. This is the official FED forecast. They base interest rates decisions on this. (Interest rates for some people, not your credit cards) This could give people front running the actual rate change an advantage. Lot's of Wall Street is based on insider info. Of course, they market themselves as "insightful, active" traders.

roymurdock 11y ago
"...a set of illustrative economic projections based only on publicly available information...The projections that were inadvertently released are staff projections that do not incorporate policymakers' views, including their views on monetary policy. Policymaker views were set forth in the monetary policy statement and projection materials released on June 17 and in the minutes of the June FOMC meeting and the Summary of Economic Projections published on July 8." I mentioned that the Fed failed to raise the FRR after hitting their unemployment metric to illustrate the lack of credibility/hard action the Fed takes on forecasts. They are always reassessing the economic situation, and their announcements/forecasts are specifically engineered to give away as little guidance as possible, so as not to jolt markets. So until they make a major announcement of affirmative action - 'we are raising rates now', rather than the boilerplate template they've been using for the past 6 years [1], there's really no reason for investors to take action. [1] 6/17/15 Monetary Policy Statement - To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate. In determining how long to maintain this target range, the Committee will assess progress--both realized and expected--toward its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments. The Committee anticipates that it will be appropriate to raise the target range for the federal funds rate when it has seen further improvement in the labor market and is reasonably confident that inflation will move back to its 2 percent objective over the medium term.
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roymurdock 11y ago

"...a set of illustrative economic projections based only on publicly available information...The projections that were inadvertently released are staff projections that do not incorporate policymakers' views, including their views on monetary policy. Policymaker views were set forth in the monetary policy statement and projection materials released on June 17 and in the minutes of the June FOMC meeting and the Summary of Economic Projections published on July 8." I mentioned that the Fed failed to raise the FRR after hitting their unemployment metric to illustrate the lack of credibility/hard action the Fed takes on forecasts. They are always reassessing the economic situation, and their announcements/forecasts are specifically engineered to give away as little guidance as possible, so as not to jolt markets. So until they make a major announcement of affirmative action - 'we are raising rates now', rather than the boilerplate template they've been using for the past 6 years [1], there's really no reason for investors to take action. [1] 6/17/15 Monetary Policy Statement - To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate. In determining how long to maintain this target range, the Committee will assess progress--both realized and expected--toward its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments. The Committee anticipates that it will be appropriate to raise the target range for the federal funds rate when it has seen further improvement in the labor market and is reasonably confident that inflation will move back to its 2 percent objective over the medium term.

deleted 11y ago

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