Fed Lowers GDP Forecast, “Dots” Indicate 13 Participants See First Firming In 2015, Up From 12 In December

While everyone is debating just what the Fed’s new qualtiative guidance means, the Fed quietly lowered its GDP forecast for 2014-2016 modestly from its December forecast, even as it sees unemployment falling faster than before, and hitting 5.2%-5.6% by 2016.

 

And perhaps more important, the “dots” now indicate that the number of people who see policy firming in 2015 is 13, up 1 from 12 in December.

via Zero Hedge http://ift.tt/1gbwiCt Tyler Durden