FOMC Summary of Economic Projections

FOMC Summary of Economic Projections

From federalreserve.gov

In conjunction with the Federal Open Market Committee (FOMC) meeting held on December 13-14, 2022, meeting participants submitted their projections of the most likely outcomes for real gross domestic product (GDP) growth, the unemployment rate, and inflation for each year from 2022 to 2025 and over the longer run. Each participant’s projections were based on information available at the time of the meeting, together with her or his assessment of appropriate monetary policy—including a path for the federal funds rate and its longer-run value—and assumptions about other factors likely to affect economic outcomes. ... (full story)

Added at 1:01pm

zerohedge @zerohedge
Fed sees terminal at 5.1% in 2023, then 100bps of cuts by end of 2024 Dec 14, 2022 1:01pm

Added at 1:03pm

*Walter Bloomberg @DeItaone
Fed Officials See 0.5% GDP Growth at End of 2022; 0.5% for 2023; 1.6% for 2024; 1.8% for 2025 Dec 14, 2022 1:01pm

Added at 1:04pm

*Walter Bloomberg @DeItaone
Fed Officials See Unemployment at 3.7% at End of 2022; 4.6% for 2023; 4.6% for 2024; 4.5% for 2025 *Walter Bloomberg @DeItaone Fed Officials See 0.5% GDP Growth at End of 2022; 0.5% for 2023; 1.6% for 2024; 1.8% for 2025 Dec 14, 2022 1:02pm

Added at 1:20pm

BTBMarkets @BTBMarkets

Translated post
Fed sees pce inflation at 3.1% in 2023 (prev 2.8%), 2.5% in 2024 (prev 2.3%), 2.1% in 2025 (prev 2.0%), longer-run 2.0% (prev 2.0%). Fed sees pce inflation at 3.1% in 2023 (prev 2.8%), 2.5% in 2024 (prev 2.3%), 2.1% in 2025 (prev 2.0%), longer-run 2.0% (prev 2.0%). Dec 14, 2022 1:09pm

Comments / Top
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Alexeii

Dec 14, 2022 1:24pm

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3% inflation - they print oceans of money and inflation 3%. Does anyone even believe that crap?

NotAtrader

Dec 14, 2022 1:27pm

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Quoting penuelophir

Disliked

Market manipulations...

Ignored

Yeah right

Anyways every single market's move is because of something and technically it is a manipulation even under completely normal circumstances.

yieldjunkie

Dec 14, 2022 1:30pm

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Looks pretty hawkish across the board

clemmo17

Dec 14, 2022 1:47pm

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A fairly dull reaction, all things considered. Priced in, discounted and business as usual?

giggsy

Dec 14, 2022 1:18pm

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Quoting penuelophir

Disliked

Market manipulations...

Ignored

im talking abt these

"Fed Officials See Fed Funds Rate at a Median of 4.4% at End of 2022

Fed Officials See Fed Funds Rate at a Median of 5.1% at End of 2023

Fed Officials Lower 2023 Growth Forecast to 0.5% From 1.2%"

Steven1

Dec 14, 2022 2:51pm

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Quoting Ftmofx

Disliked

Hawkish FED. Buy continue

Ignored

What a load of rubbish. It was super dovish - Fed's Powell: Our Policy is Getting Close to Sufficiently Restrictive
This means rate hikes are close to stopping?????? HELLO - when will people wake up to this???? Super Dovish for USD - USD down on the day and the week and the month and yet people here say USD is bullish??? crazy stuff

penuelophir

Dec 14, 2022 1:59pm

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Quoting NotAtrader

Disliked

{quote} Yeah right Anyways every single market's move is because of something and technically it is a manipulation even under completely normal circumstances.

Ignored

You are right...

Ftmofx

Dec 14, 2022 9:56pm

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Quoting Steven1

Disliked

{quote} What a load of rubbish. It was super dovish - Fed's Powell: Our Policy is Getting Close to Sufficiently Restrictive This means rate hikes are close to stopping?????? HELLO - when will people wake up to this???? Super Dovish for USD - USD down on the day and the week and the month and yet people here say USD is bullish??? crazy stuff

Ignored

How dovish? Have you read it all? Long-term hawkish plan. FED has increased 50 bps where inflation is down and gradually being down. is it not sufficient where inflation is down? They are not stopping the rising rate and plan for 2024 but inflation is going down. The labor market is going performing well also wages are increasing. Gas and oil price is decreasing as a result production will increase. Due to inflation down, the housing sector will grow. Overall GDP will be bosting. Why dovish man? It is super hawkish FED.