Federal Reserve Economic Projections: Difference between revisions

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== Latest Projections ==
== Latest Projections ==
[[Federal Reserve:Meetings/2023 March 22]]
[[Federal Reserve:Meetings/2023 June 14]]
{| class="wikitable"
{| class="wikitable"
|'''Variable'''
|'''Variable'''
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|'''2024'''
|'''2024'''
|'''2025'''
|'''2025'''
|'''Longer Run'''
|'''Longer Run'''<ref>https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20230614.pdf</ref>
|-
|-
|Change in real GDP
|Change in real GDP
|0.4
|1
|1.2
|1.1
|1.9
|1.8
|1.8
|1.8
|-
|-
|Unemployment rate
|Unemployment rate
|4.1
|4.5
|4.5
|4.5
|4.6
|4.6
|4
|4
|-
|-
|PCE inflation
|PCE inflation
|3.3
|3.2
|2.5
|2.5
|2.1
|2.1
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|-
|-
|Core PCE inflation
|Core PCE inflation
|3.6
|3.9
|2.6
|2.6
|2.1
|2.2
|
|
|-
|-
|Federal funds rate
|Federal funds rate
|5.1
| 5.6
|4.3
|4.6
|3.1
|3.4
|2.5
|2.5
|}
|}[[File:Projections.PNG|thumb|https://www.kansascityfed.org/ER-Archive/documents/506/Monetary_Policy_at_the_Zero_Lower_Bound_Revelations_form_the_FOMCs_Summary_of_Economic.pdf|480x480px]]
[[File:Projections.PNG|thumb|https://www.kansascityfed.org/ER-Archive/documents/506/Monetary_Policy_at_the_Zero_Lower_Bound_Revelations_form_the_FOMCs_Summary_of_Economic.pdf|480x480px]]


== Projections accuracy  ==
== Projections accuracy  ==