Dot Plot Dump
The Credit Strategist Blog
The following was greatly assisted by the work of my friend Peter Boockvar whose excellent newsletter The Boock Report (www.boockreport.com) is highly recommended to all of my readers.
As expected, the Fed raised the Federal Funds rate by another 75 basis points today to 3.0-3.25%, still leaving them well below the rate of inflation. More importantly, i…