Where the Fed stands
"Against this backdrop, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The stance of monetary policy remains accommodative..."
The forecasts released in March
Note that growth looks like it could be a shade lower while unemployment has already hit 4.7% (although that's due to workers dropping out of the labor force).
The dot plot
The rundown of what was expected this year
- One member saw one hike this year
- Nine saw two hikes
- Three saw three hikes
- Four saw four hikes
It would take a huge shift to bring the median down to only one hike.
