Should-Read: Tim Duy: Is The Fed Finishing 2017 On A Dovish Note?
Should-Read: Tim Duy: Is The Fed Finishing 2017 On A Dovish Note?: “An important implication falls out of this analysis: Relative to the 2018 economic forecast changes, the projected path of policy is dovish…
…This can be explained by the surprising inflation weakness over the past year. Policymakers now believe a return to full employment requires an extended period of activity in excess of that consistent with full employment…