Forecasting Federal Reserve policy changes in coming months...Friday, Dallas Fed President Richard Fisher said the Fed is close to the point at which it has to start reversing its "accommodative" monetary policy (i.e., raise the Funds rate). But economists still don't expect that until much later in the year. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same.
Current Fed Funds Rate: 0%-0.25%
| After FOMC meeting on: | Consensus |
| Apr 27 | 0%-0.25% |
| Jun 22 | 0%-0.25% |
| Aug 9 | 0%-0.25% |
Probability of change from current policy:
| After FOMC meeting on: | Consensus |
| Apr 27 | <1% |
| Jun 22 | <1% |
| Aug 9 | 4% |
From my weekly e-newsletter for real estate professionals, INSIDE LENDING, April 11, 2011
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