The Fed in 2018: What Will Happen to Rates? What Is the End Game?
By May the new FOMC will have settled in and have provided projections as to where it sees both the economy and policy for the rest of the year. We will also have a good idea what has happened to financial conditions, inflation, and GDP in Q4 and whether another policy move had been made early in 2018. This information should allow an assessment as to both where policy is likely to go as far as interest rates are concerned for the rest of the year, as well as where and when the Committee is likely to stop.