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Markets do not believe Fed's projected rate path says Bullard

Double bubble Bullard

  • Mismatch between markets and Fed dot plot is causing distortions in global markets

  • Best thing for Fed to say is that the economy is not likely to change much in the foreseeable future

  • Fed should acknowledge that the economy won't change much without an outside shock

  • Fed should make a rate hike move sometime this year and then go on hold until end of 2018 unless there is a shock that changes the outlook

Blimey, I find myself agreeing with him about how the Fed should tell it. And as for the poxy dot plot, how is it a surprise that the market doesn't believe them when it keeps getting confirmation of its beliefs by reduced Fed expectations for the path of rates?

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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