Study of Fed 'dot plot' suggests Yellen wants 3 rate hikes this year
Washington
HAS Federal Reserve chair Janet Yellen been outed as favouring three interest rate increases this year, as opposed to a more dovish two?
That's the buzz making the rounds among hardcore Fed watchers as they parse an outpouring of comments by policymakers over the past four weeks.
"Yellen likely put down three hikes" for 2017 when Fed policymakers submitted projections in December, according to Laurence Meyer, a former Federal Reserve governor who now heads a policy analysis firm in Washington that bears his name.
Mr Meyer is playing a game of elimination popular among investors and economists that revolves around the so-called dot plot. That's a graphic layout that the Fed publishes every three months to show where policymakers think interest rates sho…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Ecuador president declares state of emergency over energy crisis
US Senate has agreement on Fisa reauthorisation, will vote on Friday night, Schumer says
US expects to finalise new Aukus trade exemptions in next 120 days
IMF concerned about debt, fiscal challenges facing low-income countries
Bank of Japan’s Ueda says ‘very likely’ to hike rates if inflation keeps rising
Colombian fund managers eye US$750 million fee bonanza after senators tweak pension bill