paper markets will be wiped out 2014 is very shaky ground and we still have yet to walk past the debt ceiling on Oct 17th stay tuned expect the rise in 2015
and the rest is history
http://www.bloomberg.com/news/2013-09-18/most-fed-participants-see-first-interest-rate-rise-in-2015.html
Most Fed Participants See First Interest-Rate Rise in 2015
By Craig Torres, Aki Ito & and Ilan Kolet - Sep 18, 2013
Most Federal Reserve policy makers expect the first increase in the nation’s benchmark lending rate to occur in 2015.
The federal funds rate target will be 2 percent at the end of 2016, according to the median of estimates by five governors on the Fed’s board and 12 reserve bank presidents. That rate compares with their median estimate of 4 percent for where the rate should be at a time of full employment and stable prices.
The outlook is part of the Fed’s forecasts released today after the Federal Open Market Committee concluded a two-day meeting in Washington. Twelve of 17 FOMC participants see the first rate rise occurring in 2015, and two see it happening in 2016, the forecasts showed. Three participants predicted the first increase in 2014.
In June, 14 FOMC participants predicted the first rate increase in 2015 and one saw it coming in 2016. The June meeting had two more participants than today’s meeting had.
Today was the first time the FOMC released officials’ 2016 outlook for the funds rate and economic indicators.
The FOMC participants estimated the economy would expand at a 2.5 percent to 3.3 percent rate in 2016, driving unemployment down to 5.4 percent to 5.9 percent with inflation at 1.7 percent to 2 percent, according to their central tendency estimates. The unemployment rate was in line with Fed officials’ longer-run estimate for full employment of 5.2 percent to 5.8 percent.
The federal funds rate target will be 2 percent at the end of 2016, according to the median of estimates by five governors on the Fed’s board and 12 reserve bank presidents. That rate compares with their median estimate of 4 percent for where the rate should be at a time of full employment and stable prices.
The outlook is part of the Fed’s forecasts released today after the Federal Open Market Committee concluded a two-day meeting in Washington. Twelve of 17 FOMC participants see the first rate rise occurring in 2015, and two see it happening in 2016, the forecasts showed. Three participants predicted the first increase in 2014.
In June, 14 FOMC participants predicted the first rate increase in 2015 and one saw it coming in 2016. The June meeting had two more participants than today’s meeting had.
Today was the first time the FOMC released officials’ 2016 outlook for the funds rate and economic indicators.
The FOMC participants estimated the economy would expand at a 2.5 percent to 3.3 percent rate in 2016, driving unemployment down to 5.4 percent to 5.9 percent with inflation at 1.7 percent to 2 percent, according to their central tendency estimates. The unemployment rate was in line with Fed officials’ longer-run estimate for full employment of 5.2 percent to 5.8 percent.
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