Why forecasts persist despite poor accuracy

We’ve been deluged with the annual economic and market forecasts that traditionally mark the turn of a new year. Is it worth paying attention to these forecasts, or are they a waste of time? Maybe a little bit of both? Today, we're joined by Marketplace senior economics contributor Chris Farrell to assess their worth. But first, we'll discuss some of the forecasts and market conditions the Federal Reserve has in mind at this week's meeting. And, Boeing’s revenue is up, as are its airplane delivery numbers.