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FOMC Summary of Economic Projections
In conjunction with the Federal Open Market Committee (FOMC) meeting held on June 11–12, 2024, meeting participants submitted their projections of the most likely outcomes for real gross domestic product (GDP) growth, the unemployment rate, and inflation for each year from 2024 to 2026 and over the longer run. Each participant’s projections were based on information available at the time of the meeting, together with her or his assessment of appropriate monetary policy—including a path for the federal funds rate and its longer-run value—and assumptions about other factors likely to affect economic outcomes. ... (full story)
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FED’S MEDIAN RATE FORECAST END-’24 AT 5.1%; PREV. 4.6%
— DB News TradFi (@DBNewswire) June 12, 2024
FED’S MEDIAN RATE FORECAST END-’25 AT 4.1%; PREV. 3.9%
FED’S MEDIAN RATE FORECAST END-’26 AT 3.1%; PREV. 3.1%
FED’S MEDIAN RATE FORECAST LONGER-RUN AT 2.8%; PREV. 2.6%
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FED POLICYMAKERS SEE END-2024 PCE INFLATION AT 2.6% VERSUS 2.4% IN MARCH PROJECTION; CORE SEEN AT 2.8% VERSUS 2.6%
— DB News TradFi (@DBNewswire) June 12, 2024
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FED OFFICIALS RAISE 2024 INFLATION FORECAST TO 2.6%, UP FROM 2.4% IN MARCH FORECAST
— DB News TradFi (@DBNewswire) June 12, 2024
FED OFFICIALS SEE 4% UNEMPLOYMENT AT END OF 2024, UNCHANGED FROM MARCH FORECAST
FED OFFICIALS SEE 2.1% GDP GROWTH IN 2024, UNCHANGED FROM MARCH FORECAST
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