'Dot Plot' Fed Projections Lose Credibility With Pimco and BlackRockBy
Treasury market is reacting less to interest-rate forecasts
Officials are often `cheerleaders' for economy, Aberdeen says
For the past four years, bond traders have quickly turned their focus after Federal Reserve meetings to something called the dot plot. A compilation of all 17 policy makers’ predictions on where they’ll take the benchmark rate (scattered in the form of dots on a chart), it was seen as a key insight into their collective thinking.
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