The scorecard this year, then, won't be pretty for Fed forecasting: Four projected rate hikes in December, cut to two in June, cut to — maybe — one by the end of the year.
"They seem to be somewhat snake-bitten," said David Donabedian, chief investment officer at Atlantic Trust Private Wealth Management. "Just when they make a concerted effort to prepare the markets for an imminent rate hike, the economic data goes south. That appears to have happened again."
Also read: Factors to watch on Jan 17
12:23 Sterling volatile as market speculates on ‘hard Brexit’; investors await May's speech14
01:03 Sterling slides to three-month lows on 'hard Brexit' fears11
22:15 Sterling skids on Brexit anxiety; investors hope for Donald Trump clarity13
15:04 Hoping to save a 20 percent down payment? It's a big chunk of change14