Scenario — What does your private mark need the rate to do?
Reprice a private mark at each rate the FOMC actually projects for end-2027, weighted by how many of the eighteen participants sit there.
What does your private mark need the rate to do?
Set the discount rate your current carrying value assumes, and how long until the asset is realised. The tool reprices the same asset at each rate the FOMC actually projects for end-2027, and weights the answer by how many of the eighteen participants sit there. It is arithmetic on your own inputs — not a forecast, and not advice.
Rate levels and participant counts: Federal Reserve, Summary of Economic Projections, 16 September 2026, Figure 2 — end-2027 column, midpoints rounded to the nearest one-eighth point. Repricing factor is ((1+a)/(1+r))n, the present-value effect of discounting the same terminal cash flow at a different rate. It holds the cash flow constant, so it isolates the rate and nothing else. Dots are conditional individual forecasts, not a committee decision or a commitment.