Raises Target Rate To 1.75% While TR Rudebusch Calls For 6.62% — Only 447 Basis Points To Go!
The Taylor Rule (Rudebusch Model) calls for a Fed Funds Target rate of 6.62%. Only 447 basis points left to go, Jay!
The sentiment for 4 rate hikes in 2018 is growing.
The Fed Dots Plot for today’s meeting shows optimism over economic growth.