Headed to 2%
Last year, on December 3, this blog said
we were going to see a 2% Federal Funds Rate. And we're moving quickly to that point. Get this, after a 1.25% drop in eight days, and before the latest dismal employment figures, here are the Fed Funds Probabilities
for the March meeting, as of the end of January:
2.5% is in the lead, with a near-50% estimated probability.