|Image from Jeff Burney at |
One actuarial student was particularly stoked that her projection model anticipated the rate hike perfectly. Her excitement was short-lived however as she came to realize that it only did that as a result of a typo in one the formulas feeding the calculation.
Long Term Care, Pension, and other actuaries that deal with fixed income products were among those who welcomed the news. "I wasn't sure what would happen first, rates coming back to normal or a Genesis reunion tour." Expressed an actuarial consultant.