FOMC Preview and Review of Projections

Almost all analysts are expecting no change in Fed policy at the March FOMC meeting this week. Currently the Fed Funds target rate is the range of "1/4 to 1/2 percent". The current effective rate is 0.36 percent, close to the middle of the current range. The focus this month will be on the wording of the statement, any changes to the projections, and on the press conference. In the December statement , the FOMC characterized the risks to the economy as "balanced": Overall, taking into account domestic and international developments, the Committee sees the risks to the outlook for both......(read more)

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