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:

chart

Photo: Bank of America/Merrill Lynch

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.