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Showing 1 - 6 of 6 results for "Summary of Economic Projections"

US Federal Reserve eyes multiple interest rate cuts this year

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... our own forecast for three cuts this year, starting in June," she said. "The new dot plot and Summary of Economic Projections (SEP) indicated that inflation has proven to be slightly stronger than the Fed had anticipated, but economic growth and the ...

Chief economist update: The do-nothing Fed

BENJAMIN ONG  |  THURSDAY, 18 MAR 2021
Ho-hum. So much for speculations over the Fed's thoughts and actions, Powell and Co. did what financial markets expected - nothing - at their 16-17 March FOMC meeting. "The Committee decided to keep the target range for the federal funds rate at ...

Chief economist update: Don't fight the Fed

BENJAMIN ONG  |  THURSDAY, 11 JUN 2020
... and is on track to achieve its maximum employment and price stability goals". The FOMC's "Summary of Economic Projections" and the "dot plot" indicate that the Fed doesn't expect its confidence in achieving its objectives returning until after ...

Chief economist update: Two indicators giving the Fed a headache

BENJAMIN ONG  |  TUESDAY, 9 APR 2019
... And maximum employment? Let's hear from the horse's mouth, "In the FOMC's March 2019 Summary of Economic Projections, Committee participants' estimates of the longer-run normal rate of unemployment ranged from 4-4.6% and had a median ...

Three is the magic number

BENJAMIN ONG  |  THURSDAY, 14 DEC 2017
... because although GDP growth and the unemployment rate turned out better than predicted in the Fed's summary of economic projections in December 2016, inflation hasn't. Latest figures show that the PCE price index has slowed to 1.5% in the year to October ...

Inflated attention on September US CPI inflation

BENJAMIN ONG  |  MONDAY, 16 OCT 2017
... inflation measure is the personal consumption expenditure (PCE) price index not the CPI. In the Fed's "Summary of Economic Projections" (latest release was in September), the US central bank prints point forecasts for "PCE inflation" and "Core PCE inflation". ...
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