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Federal Reserve Economic Projections: Difference between revisions
Federal Reserve Economic Projections (view source)
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Economic projections are collected from each member of the Board of Governors and each Federal Reserve Bank president. <ref>https://www.federalreserve.gov/monetarypolicy/guide-to-the-summary-of-economic-projections.htm</ref> | |||
Projections of change in real gross domestic product (GDP) and projections for both measures of inflation are percent changes from the fourth quarter of the previous year to the fourth quarter of the year indicated. Projections for the unemployment rate are for the average civilian unemployment rate in the fourth quarter of the year indicated. | |||
Longer-run projections represent each participant's assessment of the rate to which each variable would be expected to converge under appropriate monetary policy and in the absence of further shocks to the economy. | |||
The projections for the federal funds rate are the value of the midpoint of the projected appropriate target range for the federal funds rate or the projected appropriate target level for the federal funds rate at the end of the specified calendar year or over the longer-run. | |||
== Schedule: == | == Schedule: == | ||
The Summary of Economic Projections are release on a quaterly basis. | The Summary of Economic Projections are release on a quaterly basis, in connection with the Federal Open Market Committee's (FOMC's) meetings in March, June, September, and December. | ||
{| class="wikitable" | {| class="wikitable" | ||
|'''2023 Schedule''' | |'''2023 Schedule'''<ref>https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm</ref> | ||
|- | |- | ||
|March 22, 2023 | |March 22, 2023 | ||