MNI Main Wire had an exclusive story Thursday...>

FED: MNI Main Wire had an exclusive story Thursday that said St. Louis Fed

economists expect the dot plot to move down. MNI's Karen Mracek said the

"economists at the St. Louis Federal Reserve Bank don't expect another rate hike

is needed -- at least not without more evidence of a regime shift -- and they

also expect forecasts from other Federal Open Market Committee officials will

have to move down to where their forecast is later this year." 

- She cited St.Louis Fed exec vp and director of research Chris Waller saying,

"I think if inflation data comes in like it has for the rest of the year, you're

going to see more ticking down -- pretty much everyone is going to be on top of

us pretty soon;" Waller spoke to MNI exclusively last week. (For more, please

see MNI Main Wire story at 3:44pm ET.)