Fed Tips Its Hand!

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unclescrooge
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Fed Tips Its Hand!

Post by unclescrooge »

Apparently the Federal Reserve accidentally posted a file to it website detailing non-public internal information. According to Mish Shedlock:

Unintentional Projections

One hike in 2015: The staff expected policymakers would raise their benchmark interest rate, known as the Fed funds rate, enough for it to average 0.35 percent in the fourth quarter of 2015. That implies one quarter-point hike this year, as the Fed funds rate is currently hovering around 0.13 percent.

Inflation: the staff did not expect inflation to ever reach the Fed's 2.0 percent target. By the fourth quarter of 2020, they saw the PCE (personal consumption expenditure) inflation index rising 1.97 percent from a year earlier.

Growth: The Fed's staff also took a dimmer view of long-run economic growth, expecting gross domestic product to expand 1.73 percent in the year through the fourth quarter of 2020. The views of Fed policymakers for long-term growth range from 1.8 percent to 2.5 percent.

Read more at http://globaleconomicanalysis.blogspot. ... PJpPTRj.99
Coles
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Re: Fed Tips It's Hand!

Post by Coles »

Stale "news". Plus a grammatically incorrect thread title.
grettman
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Re: Fed Tips It's Hand!

Post by grettman »

Coles wrote:Stale "news". Plus a grammatically incorrect thread title.
Fun! Nothing like a little snarky jab now and then!
bcjb
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Re: Fed Tips It's Hand!

Post by bcjb »

Thanks, Nirav. I very much doubt they can project economic growth more than 6 months into the future, so let's hope they're too pessimistic.
oc4boxer
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Re: Fed Tips It's Hand!

Post by oc4boxer »

At this point, I'll believe the rate hike when I see it.
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unclescrooge
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Re: Fed Tips It's Hand!

Post by unclescrooge »

oc4boxer wrote:At this point, I'll believe the rate hike when I see it.
I think we'll see a rate hike. And then a rate cut. And then a rate hike....for several years.
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wassabi
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Re: Fed Tips It's Hand!

Post by wassabi »

Coles wrote:Stale "news". Plus a grammatically incorrect thread title.
Why is it stale?
Coles
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Re: Fed Tips It's Hand!

Post by Coles »

wassabi wrote:Why is it stale?
Legitimate news outlets reported this event (or non-event) four days ago.
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g$$
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Re: Fed Tips It's Hand!

Post by g$$ »

Coles wrote:
wassabi wrote:Why is it stale?
Legitimate news outlets reported this event (or non-event) four days ago.
Lesson learned. Don't post anything older than 3 days.

Thanks for posting, OP. I knew they had posted something they were not supposed to but I hadn't heard about the content yet.
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LadyGeek
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Re: Fed Tips Its Hand!

Post by LadyGeek »

I fixed the thread title.

From: "Fed Tips It's Hand! - "It's" a contraction for "It is"
To: "Fed Tips Its Hand!" - "Its" possessive case.
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Northern Flicker
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Re: Fed Tips Its Hand!

Post by Northern Flicker »

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abuss368
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Re: Fed Tips Its Hand!

Post by abuss368 »

What does this mean for TIPS?
John C. Bogle: “Simplicity is the master key to financial success."
sawhorse
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Re: Fed Tips Its Hand!

Post by sawhorse »

jalbert wrote:Might not have been an accident. I read somewhere a hypothesis that the Fed will implement the first rate increase when they are confident the event is fully priced into the equity and fixed-income markets.

-jalbert
I wondered about that too. Might the Fed be leaking things on purpose to see how the market reacts?
coldplay221
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Re: Fed Tips It's Hand!

Post by coldplay221 »

Coles wrote:Stale "news". Plus a grammatically incorrect thread title.
This isn't a news board. People can still comment on news old/new.
jimkinny
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Re: Fed Tips Its Hand!

Post by jimkinny »

The Fed Reserve has been telling any one interested in reading the FOMC minutes exactly what is going to do, depending upon an uncertain future.
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