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Why the Fed Is so Tough to Call

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Markets have zigzagged their way through the year so far, spooked first by fears the U.S. Federal Reserve would tighten too much, then assuaged by predictions it wouldn’t move rates at all.

Now, Fed forecasts run the gamut, a CNBC survey has found, begging the question: Why isn’t there a consensus?

For one, the market signals have become a moving target.

CNBC

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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