Is there a consensus among financial forecasters?

This paper examines the interest rate forecasts of a cross-section of financial forecasters to determine whether these analysts make predictions which have the characteristics of a consensus. The forecasts are published semi-annually in The Wall Street Journal. The techniques for determining whether a consensus exists are developed and are applied to the predictions of the interest rates of the 90-day T-bill and the 30-year Treasury bond. The methodology provides bounds on the number of distributions which may be classified as consensus and the results indicate that central moments should not be used as consensus predictions.