FOMC will reduce its estimate of NAIRU at March meeting: Danske Bank

Quotes from Danske Bank:

-We find it likely that the FOMC will reduce its estimate of the NAIRU at the upcoming March meeting, a guesstimate is from the current 5.4% to around 5.0%.

-If our forecast on the unemployment rate is right, the NAIRU should be reached in October this year. We think this is consistent with a fed funds rate in the range of 0.5% to 0.75%.