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    Fed officials forcasting just one hike before 2019 - ANZ Ross J Burland

    Analysts at ANZ noted the recent comments from Fed officials last week.Key Quotes:"St Louis Fed President Bullard said he didn’t submit a long run fed funds projection for the June FOMC. He said that his new approach was to only give forecasts for 21⁄2 years. That’s fair enough. But the forecast he did give was for the funds rate to lift to just 63bps. In other words, he is forecasting just one hike from now until the end 2018. If we were to learn that some of the “senior” members of the FOMC (e.g. Yellen, Fischer or Dudley) were also starting to share that view, then that would certainly highlight a dramatic shift in the Fed’s reaction function."


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