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FOMC Summary of Economic Projections
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)
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Fed sees terminal at 5.1% in 2023, then 100bps of cuts by end of 2024
— zerohedge (@zerohedge) December 14, 2022
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Fed Officials See 0.5% GDP Growth at End of 2022; 0.5% for 2023; 1.6% for 2024; 1.8% for 2025
— *Walter Bloomberg (@DeItaone) December 14, 2022
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Fed Officials See Unemployment at 3.7% at End of 2022; 4.6% for 2023; 4.6% for 2024; 4.5% for 2025 https://t.co/MHpHOKxGNr
— *Walter Bloomberg (@DeItaone) December 14, 2022
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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%).
— BTBMarkets (@BTBMarkets) December 14, 2022
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