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== Latest Projections == | == Latest Projections == | ||
[[Federal Reserve:Meetings/2023 | [[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 | ||
| | |1 | ||
|1. | |1.1 | ||
|1. | |1.8 | ||
|1.8 | |1.8 | ||
|- | |- | ||
|Unemployment rate | |Unemployment rate | ||
|4.1 | |||
|4.5 | |||
|4.5 | |4.5 | ||
|4 | |4 | ||
|- | |- | ||
|PCE inflation | |PCE inflation | ||
|3. | |3.2 | ||
|2.5 | |2.5 | ||
|2.1 | |2.1 | ||
Line 51: | Line 51: | ||
|- | |- | ||
|Core PCE inflation | |Core PCE inflation | ||
|3. | |3.9 | ||
|2.6 | |2.6 | ||
|2. | |2.2 | ||
| | | | ||
|- | |- | ||
|Federal funds rate | |Federal funds rate | ||
|5. | | 5.6 | ||
|4. | |4.6 | ||
|3. | |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 == |