Www.federalreserve.g Ov/monetarypolicy/fi Les/fomcprojtabl2021 0616.pdf

fomcprojtabl20210616.pdf
Preview of www.federalreserve.g ov/monetarypolicy/fi les/fomcprojtabl2021 0616.pdf
🔗 Source: federalreserve.gov
📊 Size: 1.4 MB
👤 Author: Federal Reserve Board
⬇️ Downloads: 58

Summary

The Federal Open Market Committee (FOMC) meeting held on June 15-16, 2021, included submissions of projections for real gross domestic product (GDP) growth, the unemployment rate, and inflation for each year from 2021 to 2023 and over the longer run. The median projections were:
- 7.0% change in real GDP for 2021,
- 3.3% for 2022,
- 2.4% for 2023, and
- 1.8% over the longer run.
The median unemployment rate projections were:
- 4.5% for 2021,
- 3.8% for 2022,
- 3.5% for 2023, and
- 4.0% over the longer run.
The median projections for PCE inflation were:
- 3.4% for 2021,
- 2.1% for 2022,
- 2.2% for 2023, and
- 2.0% over the longer run.
The federal funds rate median projections were:
- 0.1% for 2021,
- 0.1% for 2022,
- 0.6% for 2023, and
- 2.5% over the longer run.

Description

The Federal Open Market Committee (FOMC) meeting held on June 15-16, 2021, included submissions of projections for real gross domestic product (GDP) growth,...

Technical Information

  • File Format: PDF
  • File Size: 1.4 MB
  • Pages: 17
  • Language: EN
  • Author: Federal Reserve Board
  • Total Downloads: 58
  • Last Updated: 3 days ago

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