BREAKING: FED RAISES RATES +25bps

Federal Reserve 'dot plot' still signals 4 interest-rate hikes in 2016

It’s a 25bp hike, by 10-0 vote.

 

Today: FOMC Projection

From 2007 : FOMC projections :No one saw unemployment above 4.9% in 2009 or 2010. 2009 Real GDP was -2.8% vs expectations of 2.3 to 2.7%. Heckuva job Fed people!

 

Fed PCE forecast vs. actuals (from Macro Man). You couldn't do a worse job if you had wanted to.