Wednesday, March 18, 2015

FRB shifts projections by one year, calls it a day

The results of the recent FRB meeting are out and they basically seemed to have slid their projection forward one year. Here is the old projection from 2014 (compared with the information transfer model projection):


And here is the new one:


Let's see if I have this straight ...

Shorter FRB in 2014: core PCE inflation will begin its return to normal.

Shorter FRB in 2015: core PCE inflation will begin its return to normal.

Got it.

I just want to tell you good luck, we're all counting on you ...

No comments:

Post a Comment

Comments are welcome. Please see the Moderation and comment policy.

Also, try to avoid the use of dollar signs as they interfere with my setup of mathjax. I left it set up that way because I think this is funny for an economics blog. You can use € or £ instead.