There was plenty of commentary last week from the members of the Federal Open Market Committee, duly covered at Economists View (here, here, and here), at The Housing Bubble 2, by The Capital Spectator, and at Angry Bear, among others that I'm sure are out there. No matter. All that talking didn't much budge the latest batch of estimates of market bets being placed on the next few federal funds rate decisions. Here's the story, short and sweet:
Here's the data, suitable for framing:
Download Imp_pdf_slides_for_blog_012006.ppt
Download implied_pdf_january_012006.xls
Download implied_pdf_march_012006.xls
UPDATE: John Berry endorses the market view.