If the FOMC had followed
the median federal funds rate path from the December 2015 SEP projection, then the U.S. dollar would likely have appreciated much more significantly.
Not exact matches
The
median forecast pegged the
federal funds rate at 2.1 percent at the end of next year.
They expect to push the interbank
federal funds rate to 3.4 percent at the end of 2020, from its current range of 1.5 to 1.75 percent and above the 2.9 percent level they consider neutral for the economy, based on their
median forecast.
The Fed's «Dots» chart shows the
median policymaker's response for the
Federal funds rate at the end of 2018 to be 2.125 percent, indicating they expect three
rate hikes of 25 basis points in 2018.