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Wall Street is consistently wrong about the Fed’s intentions

davfordavfor
in The OT Bullpen
"As the following chart shows, Fed-funds futures have been predicting a Fed liftoff for the past six years—and have been proven wrong every time.

The dotted lines represent the projected Fed-funds rate, based on Fed-funds futures prices, while the red line shows the actual Fed-funds rate."

image

This reminds me Yogi Berra saying "It's tough to make predictions, especially about the future.”

From: http://www.marketwatch.com/story/wall-street-is-consistently-wrong-about-the-feds-intentions-2015-10-19?dist=lcountdown
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