Editor's note: A version of this post was originally published at my Patreon account on 13 Jun
I have another more macro post on the Fed I am developing for later today. But I wanted to run this one by you because I am seeing a lot of chatter about the Fed's dot plot.
The March 2018 Dot Plot
The dot plot is a part of the Fed's summary of economic projections. And these projections indicate where each Fed official sees the economy heading. More importantly, as a part of that, the dot plot shows where each official thinks the appropriate policy level is, given those projections.
For example, here's the March 2018 dot plot.
Source: Federal Reserve
Now, what people are talking about is where those dots representing appropriate policy rates are going to be on the chart release...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.