OK, a dog didn’t eat her homework … new appointee to the Federal Reserve, Lael Brainard, did not submit FOMC rate forecasts as she was only sworn in on Monday, too late to submit economic and interest rate forecasts for the FOMC meeting (the projections were due before Monday). So there will be fewer dots before your eyes on Wednesday afternoon.

The new 2IC, Stanley Fischer, was sworn in last month. He has already impressed the teacher – his forecasts will be included in the projections.

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