And here is what they will look like.
We knew this but the Fed is giving us a heads up to try and avoid confusion as they unveil a new communications tool.
In the upper panel, the shaded bars represent the number of FOMC
participants who project that the initial increase in the target federal funds rate
(from its current range of 0 to ¼ percent) would appropriately occur in the
specified calendar year.
In the lower panel, the dots represent individual policymakers’ projections of
the appropriate federal funds rate target at the end of each of the next several
years and in the longer run. Each dot in that chart represents one
policymaker’s projection. Please note that for purposes of this chart the
responses are rounded to the nearest ¼ percent, with the exception that all
values below 37.5 basis points are rounded to ¼ percent.