Selected News As expected, the Federal Reserve nudged up the federal-funds rate by 25 basis points to the range [0.50%, 0.75%] https://www.federalreserve.gov/newsevents/press/monetary/20161214a.htm Importantly, the median expected fed funds rate was revised upwards to 1.375% with an implied expectation of three (3) rate increases in 2017 (aka, the dot plot) https://www.federalreserve.gov/monetarypolicy/fomcprojtabl20161214.htm Dollar Surges as U.S. Prepares... Read More

New content added to the Study Planner this week (selected only) From David: "Thanks to great help from Nicole Seaman and our new content writer, Deepa, we are in a terrific position with respect to updating our program for the 2017 FRM syllabus. Our initial emphasis is the study notes and underlying (learning) spreadsheets. You... Read More

Part 1 Feedback (November 2016 FRM Exam) Most of the feedback was posted in Nicole’s thread at https://www.bionicturtle.com/forum/threads/november-2016-part-1-exam-feedback.10028/. It may be hard to believe, but with respect to exam difficulty, the comments are approximately in line with history. There has never been an FRM exam that engenders widespread confidence. This year was no different, many... Read More