blender 2.78a
Linux bubastis 4.0.5-gentoo #1 SMP Mon Nov 16 11:48:34 EST 2015 x86_64 Intel(R) Core(TM) i7-4800MQ CPU @ 2.70GHz GenuineIntel GNU/Linux
I created an fcurve with two keyframes: (1,1) and (100,1024) When I zoom in on the curve it appears to jump from (1,1) to (2,2) before resuming an exponential track. I would have assumed it didn't reach a y of 2 until keyframe 10 or 11.
In any case, this discontinuity in the first frame after the keyframe seems incorrect.
