Fed’s 17 Rate Forecasts May Confuse More Than Clarify

The Federal Reserve tried to bring more clarity to policy making in January by releasing Fed officials’ forecasts for interest rates. Instead, it may be creating confusion.

Policy makers tomorrow will probably repeat their plan to keep the benchmark interest rate low at least through late 2014, economists say. At the same time, a Bloomberg News survey of economists this month predicted that the central bank will raise borrowing costs by June of that year.