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What Jolene Janet Yellen said , how it has been interpreted by markets. Relatively hawkish. Everyone was talking about Forward Guidance. It turned out to be a lot of noise. They kicked the sick. 5 threshold 6. 5 threshold in the bin. This was about right expectations. Looking at grade expectations, this was in the summary of economic projections. All about the dots. Familiar,who is not tell us what are these dots . It is in the summary of economic projections. The Federal Reserve puts out its forecast for things like gdp, unemployment, but also for rates. They do it through dots. For one official, where they think rates will be. We know now that the median rate 2. 25 inis 1 in 2015, 2016. This is up from decembers forecast of 0. 75 and one point 75 . 1. 75 . There was a slight forecast change in the forecast for gdp. How do you explain it . She tried to talk it down. The market is not buying it. There is no Forward Guidance anymore. They went straight to those dots and thought, we are

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