First fan charts to be released in April
There's a new reason to read the FOMC Minutes.
The Fed will publish fan charts to show the range of its projections in the Minutes, starting with the minutes of the March 15 meeting, which will be released April 5.
The just released some examples of what the data will look like. The main line is the median of Fed projections with the wider band showing a 70% confidence interval.
The idea is to illustrate the level of uncertainty around the forecasts. I don't see them as market moving. If anything, they're designed to reduce volatility by highlighting how uncertain the Fed is.