In the Wall Street Journal Article “Fed Forecasts for the Economy and Interest Rates Could Edge Down” the author of the article Jon Hilsenrath wanted to address the future rises of interest rates that are soon to come and the effects that those rises will have on the now growing economy.
Recently in the news there has been a great deal of talks of the future rises of interest rates in the United States. To understand how the Fed 's own particular figures may change, The Wall Street Journal analyzed how the standpoint among private forecasters had changed since March, when the Fed last upgraded its Summary of Economic Projections. The new 2.1% appraisal is beneath the Fed 's 2.5% projection for March and recommends Fed authorities may be bringing down their own numbers when they discharge their new Summary of Economic Projections at the June 16-17 meeting. After Fed authorities move down their projections for premium rates and monetary development in March, speculators reacted by pushing down genuine rates and the estimation of the dollar. Private investigator gauges for unemployment and expansion are minimal changed, and propose the Fed 's own figures will be stable on this front in its June forecasting round. The levels they see for the rate 0.6% toward the end of 2015, 1.8% toward the end of 2016 and 3% toward the end of 2017 are beneath the Fed 's anticipated way as of March, and recommend Fed projections may edge down modestly as well.