'Dot Plot' Fed Projections Lose Credibility With Pimco and BlackRock

  • Treasury market is reacting less to interest-rate forecasts
  • Officials are often `cheerleaders' for economy, Aberdeen says

Making Sense of the Federal Reserve's 'Dot Plot'

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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