The Wall Street Journal publishes interest rate predictions twice a year based on surveying 60 economists. Go to the following website [projects wsj ]to view the predictions. What is the average predicted interest rate for June 2017? December 2019?
Which year's prediction do you think is more accurate and why? Why are future interest rate predictions important?
Describe a financial decision you would make based on future interest rate predations. If the prediction turned out to be wrong how would it impact the financial decision you already made?