In addition to the decision on rates, the FOMC will release its quarterly economic projections, which include forecasts from committee members on where the fed funds rate will be in the future. Those projections will be closely scrutinized by investors and economists, as will the FOMC statement ...
Today was one of the four meetings a year when the Fed does not release a “Summary of Economic Projections” (SEP), which includes the infamous “dot plot” which shows how each FOMC member sees the development of future policy rates. SEP releases occur...
Fed Projections: The Ceiling Is in Sight By Felix Richter If there has been one consistent theme in Jerome Powell’s statements throughout the inflation crisis, it’s been this: we’re not done yet. Whenever he was asked about future rate hikes, he repeated the same mantra of doing whate...
the unemployment rate, and inflation for each year from 2024 through 2027 and over the longer run. These projections were based on participants’ individual assessments of appropriate monetary policy, including their projections of the federal funds rate. The ...
Projections from individual members also indicated that rates could stay anchored near zero through 2023. All but four members indicated they see zero rates through then. This was the first time the committee forecast its outlook for 2023.
Traders have been concerned that the Fed is remaining more hawkish for longer than some had anticipated. Projections from the meeting indicated that the Fed expects to raise rates by at least 1.25 percentage points in its two remaining meetings this year. ...
According to the latest quarterly economic projections, Fed officials' median forecast for the federal funds rate at the end of this year is 5.6 percent, higher than the 5.1 percent projected in March. The "dot plot" shows that 12 of the 18 Fed officials think rates should rise to at leas...
Fed officials' median interest rate projections released mid-December showed that the central bank could raise the federal funds rate -- the benchmark interest rate -- three times this year from its current record-low level of near zero, up from just one rate hike projected in September. ...
"Yes, the inflation projections for 2021 keep getting raised, but Fed policy needs to be positioned appropriately for where the economy is heading, not where it has been." After expanding 6.7% in the second quarter on an annualized basis, U.S. economic growth was expected to hav...
2:14 a.m. 0:54:15, June 15, 2023 What is the 'summary of economic projections,' anyway? The Federal Reserve paused interest rate hikes on Wednesday, but investors are already looking for clues about what comes next. To do that they’ll pore over the Fed’s Summary of Economic P...