The Federal Reserve’s decision to publish the interest-rate forecast of its members – a historic move to offer greater transparency – is being met mostly with skepticism by stock analysts.
The Fed on Wednesday followed up on its unexpected plan to maintain short-term rates near zero through late 2014 with the rate predictions of members the central bank’s policy-setting committee.
Dow Jones Industrial Average (^DJI)
-DJI| Prev Close: | 12,756.96 |
|---|---|
| Open: | 12,757.33 |
| Day's Range: | 12,695.54 - 12,841.87 |
|---|---|
| 52wk Range: | 10,362.30 - 12,928.50 |
