|
Median
|
|
|
|
|
|
Change in real GDP
|
1.8
Fourth Quarter to Fourth Quarter Percent Change
|
1.8
Fourth Quarter to Fourth Quarter Percent Change
|
1.8
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Unemployment rate
|
4.3
Percent
|
4.3
Percent
|
4.3
Percent
|
%
|
|
PCE inflation
|
2.0
Fourth Quarter to Fourth Quarter Percent Change
|
2.2
Fourth Quarter to Fourth Quarter Percent Change
|
2.2
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Core PCE inflation
|
2.0
Fourth Quarter to Fourth Quarter Percent Change
|
2.2
Fourth Quarter to Fourth Quarter Percent Change
|
2.2
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Memo: Projected appropriate policy path
|
|
|
|
|
|
Federal funds rate
|
3.1
Percent
|
3.4
Percent
|
3.4
Percent
|
%
|
|
Central Tendency Low
|
|
|
|
|
|
Change in real GDP
|
1.6
Fourth Quarter to Fourth Quarter Percent Change
|
1.6
Fourth Quarter to Fourth Quarter Percent Change
|
1.6
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Unemployment rate
|
4.1
Fourth Quarter, Percent
|
4.2
Fourth Quarter, Percent
|
4.2
Fourth Quarter, Percent
|
Fourth Qtr., %
|
|
PCE inflation
|
2.0
Fourth Quarter to Fourth Quarter Percent Change
|
2.1
Fourth Quarter to Fourth Quarter Percent Change
|
2.1
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Core PCE inflation
|
2.0
Fourth Quarter to Fourth Quarter Percent Change
|
2.1
Fourth Quarter to Fourth Quarter Percent Change
|
2.1
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Memo: Projected appropriate policy path
|
|
|
|
|
|
Federal funds rate
|
2.9
Percent
|
3.1
Percent
|
3.1
Percent
|
%
|
|
Central Tendency Midpoint
|
|
|
|
|
|
Change in real GDP
|
1.80
Fourth Quarter to Fourth Quarter Percent Change
|
1.75
Fourth Quarter to Fourth Quarter Percent Change
|
1.75
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Unemployment rate
|
4.25
Fourth Quarter, Percent
|
4.35
Fourth Quarter, Percent
|
4.35
Fourth Quarter, Percent
|
Fourth Qtr., %
|
|
PCE inflation
|
2.05
Fourth Quarter to Fourth Quarter Percent Change
|
2.20
Fourth Quarter to Fourth Quarter Percent Change
|
2.20
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Core PCE inflation
|
2.05
Fourth Quarter to Fourth Quarter Percent Change
|
2.25
Fourth Quarter to Fourth Quarter Percent Change
|
2.25
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Memo: Projected appropriate policy path
|
|
|
|
|
|
Federal funds rate
|
3.25
Percent
|
3.50
Percent
|
3.50
Percent
|
%
|
|
Central Tendency High
|
|
|
|
|
|
Change in real GDP
|
2.0
Fourth Quarter to Fourth Quarter Percent Change
|
1.9
Fourth Quarter to Fourth Quarter Percent Change
|
1.9
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Unemployment rate
|
4.4
Fourth Quarter, Percent
|
4.5
Fourth Quarter, Percent
|
4.5
Fourth Quarter, Percent
|
Fourth Qtr., %
|
|
PCE inflation
|
2.1
Fourth Quarter to Fourth Quarter Percent Change
|
2.3
Fourth Quarter to Fourth Quarter Percent Change
|
2.3
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Core PCE inflation
|
2.1
Fourth Quarter to Fourth Quarter Percent Change
|
2.4
Fourth Quarter to Fourth Quarter Percent Change
|
2.4
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Memo: Projected appropriate policy path
|
|
|
|
|
|
Federal funds rate
|
3.6
Percent
|
3.9
Percent
|
3.9
Percent
|
%
|
|
Range Low
|
|
|
|
|
|
Change in real GDP
|
0.6
Fourth Quarter to Fourth Quarter Percent Change
|
0.6
Fourth Quarter to Fourth Quarter Percent Change
|
0.6
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Unemployment rate
|
3.9
Fourth Quarter, Percent
|
4.1
Fourth Quarter, Percent
|
4.1
Fourth Quarter, Percent
|
Fourth Qtr., %
|
|
PCE inflation
|
1.9
Fourth Quarter to Fourth Quarter Percent Change
|
2.0
Fourth Quarter to Fourth Quarter Percent Change
|
2.0
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Core PCE inflation
|
2.0
Fourth Quarter to Fourth Quarter Percent Change
|
2.1
Fourth Quarter to Fourth Quarter Percent Change
|
2.1
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Memo: Projected appropriate policy path
|
|
|
|
|
|
Federal funds rate
|
2.6
Percent
|
2.9
Percent
|
2.9
Percent
|
%
|
|
Range Midpoint
|
|
|
|
|
|
Change in real GDP
|
1.55
Fourth Quarter to Fourth Quarter Percent Change
|
1.55
Fourth Quarter to Fourth Quarter Percent Change
|
1.55
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Unemployment rate
|
4.30
Fourth Quarter, Percent
|
4.40
Fourth Quarter, Percent
|
4.40
Fourth Quarter, Percent
|
Fourth Qtr., %
|
|
PCE inflation
|
2.35
Fourth Quarter to Fourth Quarter Percent Change
|
2.55
Fourth Quarter to Fourth Quarter Percent Change
|
2.55
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Core PCE inflation
|
2.45
Fourth Quarter to Fourth Quarter Percent Change
|
2.65
Fourth Quarter to Fourth Quarter Percent Change
|
2.65
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Memo: Projected appropriate policy path
|
|
|
|
|
|
Federal funds rate
|
3.25
Percent
|
3.50
Percent
|
3.50
Percent
|
%
|
|
Range High
|
|
|
|
|
|
Change in real GDP
|
2.5
Fourth Quarter to Fourth Quarter Percent Change
|
2.5
Fourth Quarter to Fourth Quarter Percent Change
|
2.5
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Unemployment rate
|
4.7
Fourth Quarter, Percent
|
4.7
Fourth Quarter, Percent
|
4.7
Fourth Quarter, Percent
|
Fourth Qtr., %
|
|
PCE inflation
|
2.8
Fourth Quarter to Fourth Quarter Percent Change
|
3.1
Fourth Quarter to Fourth Quarter Percent Change
|
3.1
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Core PCE inflation
|
2.9
Fourth Quarter to Fourth Quarter Percent Change
|
3.2
Fourth Quarter to Fourth Quarter Percent Change
|
3.2
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Memo: Projected appropriate policy path
|
|
|
|
|
|
Federal funds rate
|
3.9
Percent
|
4.1
Percent
|
4.1
Percent
|
%
|