The Fed Gets Realistic About Future Rate Hikes

Fed rate projections revised down:

http://www.bloomberg.com/news/articles/2016-03-16/fed-scales-back-rate-rise-forecasts-as-global-outlook-weakens

“The median of Fed officials’ projections, known as the “dot plot,” saw the federal funds rate at 1.875 percent at the end of 2017, compared with 2.375 percent forecast in December. The end-2018 level fell to 3 percent, from 3.25 percent, with the longer-run projection at 3.25 percent, down from 3.5 percent.”

Market Reaction:

http://blogs.wsj.com/moneybeat/2016/03/16/see-markets-react-to-the-fed-in-7-charts/