Like one of those old Op-Art posters beloved of hippies, staring too long into the Fed's dot chart of interest rate expectations can make you see things which aren't there. The Fed's monetary ...

Like one of those old Op-Art posters beloved of hippies, staring too long into the Fed’s dot chart of interest rate expectations can make you see things which aren’t there.

A look at the dot-plot in June, the last time the Fed updated the chart, showed that no one expected rates to finish the year at their current level. Here is the dot plot from the June meeting ...