Don’t Worry, Experts Are Really Bad at Predicting When Rates Rise
June 23, 2021 at 16:22 PM EDT
Last week, the Federal Open Market Committee (FOMC) threw market participants for a loop as the dot plot indicated that the Federal Reserve’s next interest rate hike could arrive in late 2023. Previously, expectations were in place for an early 2024 rate increase. FOMC members also raised the...
