In last week's presser, Fed Chairman Bernanke explained that keeping the Funds Rate where it is for an "extended period" means at least two or three meetings. Economists are taking him at his word. 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 |
| Aug 9 | 0%-0.25% |
| Sep 20 | 0%-0.25% |
| Nov 2 | 0%-0.25% |
Probability of change from current policy:
| After FOMC meeting on: | Consensus |
| Aug 9 | <1% |
| Sep 20 | <1% |
| Nov 2 | <1% |
From my weekly enewsletter INSIDE LENDING, for real estate pros, June 27, 2011
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