Chart o’ the Day: When Will Rates Rise?
Two charts from Michael Hanson and the Bank of America Merrill Lynch Economics team…
The first is a look at market participants’ expectations for the Federal Reserve’s first rate hike, which is now expected to take place in Q3 of next year:
The second is a look at what would happen should the Fed maintain its stated policy “rules”:
Many moving parts
Bank of America Merrill Lynch – September 12 2014