Bernanke said yesterday that Fed officials will add a third year to their forecasts and double the frequency to once a quarter. The reports will give investors and companies more details on why interest rates were adjusted and offer a map for where they are likely to go.
Why do investors watch the Fed? The rate on 13-week Treasury bills is a superb leading indicator of where the interest rate set by the Fed is going.
The Fed will become less relevant by saying what other forecasters are saying so that investors will ignore it.
More on http://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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