Anyone can give you the blah-blah on the Fed’s smart move–or lack-of-move–today, holding the fed funds target rate at 0-25bps. I particularly thought it was wise for them to amp up (in their statement) the international dimension of their macro-management policy agenda, as the appreciating dollar has already done a lot of their tightening work for them.
But you have to come for OTE for our patented reworking of the dot plots. I wonder what’s in that present under the X-mas tree (and love those cute ornaments; nice touch, FOMC!)? You can use that FEDBOT to forecast inflation and get you a coffee! And you gotta admire the low ERA of Chair Yellen on the mound at Fed ball field!