Same As It Ever Was…

Fed Predictions

Great piece from Pedro da Costa on the forecasts of Fed voting members as to when rates would be raised.

Essentially, they have been constantly forecasting early rate rises only to be proven unable to follow through...

Either that or they have been wilfully trying to keep investors from believing in a cast-iron backstop of zero rates for years to come.

Surely they wouldn't play THAT game?

Either way, rates will stay at essentially zero because they HAVE to - not necessarily because they should. Look at the BoJ path. It's highly illustrative...

2 thoughts on “Same As It Ever Was…

    1. Hi John,

      I replied via email and have posted on the blog to provide an answer to others who may be experiencing the same issues. Drop me an email if you are still experiencing difficulties.

      Cheers

      Grant