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March 29, 2006
From the archives
I wrote in September concerning the fed funds rate...
Now, 5% by summer is a real possibility, and if someone gave me even money on an over/under bet, I'd have to give serious consideration to "over".
That quote could have just as well been from yesterday (as long as you consider summer starting after the June meeting).
Posted by William Polley at March 29, 2006 12:15 AM
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Comments
Excellent prediction. And, well, I was wrong. First I thought 4% to 4.25%, then 4.75% ... now I'm not sure.
Your over bet at 5% is looking good.
Best Wishes.
Posted by: CalculatedRisk at March 29, 2006 10:36 AM