Date: September 2014

1 post in September 2014


FOMC Quick Reaction

[Before press conference] There is the danger of inconstancy in the Fed’s communications. On the one hand, the language in the FOMC statement about the “considerable period” is still there, which Chair Yellen described as six months. On the other, the FOMC median expectation for fed funds at the end of 2015, which after all…

Continue Reading