CHART: Markets Are Now Pricing In The Longest Fed Easing Policy Yet

Bank of America’s Rates and Currencies Research team has a note out this morning taking a look at Fed policy.

This chart shows that until now, futures contracts have expected the Federal Reserve to hike rates sooner than they officially project. Now, they’re right in line with Fed forward guidance, expecting no rise in rates until late 2014. 

From the note:


Photo: Bank of America/Merrill Lynch

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