Could someone please help me with providing a answer to this
Could someone please help me with providing a answer to this question: This must be from an older article only in that it references a speech from March 3. Assuming that is 2016, what do they mean that if she said that, then it is already incorporated in the market?
Here is the topic:
Go to the internet and find a news article published within the last two months that discusses which direction interest rates are heading, summarize key points and post in the Discussions area.
Here is my what I posted:
Article link
http://www.kiplinger.com/article/business/T019-C000-S010-interest-rate-forecast.html
Key points:
The Federal Reserve’s monetary policy committee raised interest rates by 25 basis points.
Janet Yellen in a March 3rd speech has already hinted at the move, which would have already been incorporated into the economy.
Fed now seems to be on a path of steady rate hikes. The general consensus is that Federal reserve will lift short-term rates by 0.25% two more times in 2017. However may raise rates only once if the economy responds negatively to the recent hike.
FOMC expects three quarter-point increases in 2018 and three more in 2019, which would bring it to Federal reserves preferred rate of 3%.
The general consensus is that the yield on the 10-year Treasury note will hit 3% by the end of 2017, up from 2.5% currently.
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