INVESTMENT ADVISORY SERVICES: FEATURED MARKET DATA
Inflation Expectations
The Federal Open Market Committee (FOMC) and the markets continue to provide divergent views on where short-term rates are headed. By 2020, FOMC projections show rates near 3.50% while the market expects overnight rates to rise only to about 2.50%. So what is making the Fed continue to tighten policy when growth remains well below pre-crisis levels?
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