Fed communication overhaul reveals split in rate forecasts

fomc

The Federal Reserve on January 25 published individual policy-makers' interest rate forecasts for the first time. These revealed some committee members want to see the federal fund rate begin to rise as early as this year, while others want to delay the move until 2016.

Out of the 17 Federal Open Market Committee (FOMC) participants surveyed, three members said it would be appropriate to begin a tightening policy by 2012 in the absence of further shocks to the economy, with another three expecti

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