Market keeps assuming the Fed is going to make moves off of their forecasts. They’re done with that, they know their forecasts suck. The new Fed policy is wait until something happens then hike rates or end QE.
https://twitter.com/GreekFire23/status/1372247867214204932 Fed Projects Inflation at 2.4% in 2021, Up From Earlier 1.8% Estimate — *Walter Bloomberg (@DeItaone) March 17, 2021 FED WILL CONTINUE TO INCREASE BOND PURCHASES BY AT LEAST $80 BLN/MONTH OF TREASURIES AND $40 BLN/MONTH OF MBS UNTIL …