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The Federal Open Market Committee released its quarterly "dot plot," showing where Fed members expect rates to go over the next few years. The median member predicts rates will be between 2.25% and 2.5% at the end of 2018.
The Fed's predictions for the future path of interest rate hikes is out.
The median FOMC member expects one more rate hike this year.
The median Fed member expects two more hikes this year.
An idea of where FOMC members think interest rates are going.
The dot plot has not been a good indicator of future Fed policy.
Something seems wrong here...
The chart shows where the members of the FOMC think interest rates are going.