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FOMC Economic Projections
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. PCE inflation and core PCE inflation are the percentage rates of change in, respectively, the price index for personal consumption expenditures (PCE) and the price index for PCE excluding food and energy. Projections for the unemployment rate are for the average civilian unemployment rate in the fourth quarter of the year indicated. Each participant’s projections are based on his or her assessment of ... (full story)
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FED SEES GDP DECLINING IN 2020 LESS THAN PREVIOUS FORECAST BUT GROWING MORE SLOWLY IN 2021 AND 2022 THAN PREVIOUSLY FORECAST.
— Breaking Market News (@financialjuice) September 16, 2020
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MEDIAN FED LONG-RUN FORECASTS - GDP +1.9% (PREV 1.8%); JOBLESS RATE 4.1% (PREV 4.1%); PCE PRICE INDEX 2.0% (PREV 2.0%).
— Breaking Market News (@financialjuice) September 16, 2020
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FED: 13 OF 17 OFFICIALS FORECAST RATES ON HOLD THROUGH 2023.
— Breaking Market News (@financialjuice) September 16, 2020