|
MEDIAN
|
|
|
|
|
|
Change in real GDP
|
2.1
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Unemployment rate
|
3.8
Percent
|
.
Percent
|
.
Percent
|
%
|
|
PCE inflation
|
3.3
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Core PCE inflation
|
3.7
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Memo: Projected appropriate policy path
|
|
|
|
|
|
Federal funds rate
|
5.6
Percent
|
.
Percent
|
.
Percent
|
%
|
|
CENTRAL TENDENCY LOW
|
|
|
|
|
|
Change in real GDP
|
1.9
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Unemployment rate
|
3.7
Fourth Quarter, Percent
|
.
Fourth Quarter, Percent
|
.
Fourth Quarter, Percent
|
Fourth Qtr., %
|
|
PCE inflation
|
3.2
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Core PCE inflation
|
3.6
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Memo: Projected appropriate policy path
|
|
|
|
|
|
Federal funds rate
|
5.4
Percent
|
.
Percent
|
.
Percent
|
%
|
|
CENTRAL TENDENCY MIDPOINT
|
|
|
|
|
|
Change in real GDP
|
2.05
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Unemployment rate
|
3.80
Fourth Quarter, Percent
|
.
Fourth Quarter, Percent
|
.
Fourth Quarter, Percent
|
Fourth Qtr., %
|
|
PCE inflation
|
3.30
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Core PCE inflation
|
3.75
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Memo: Projected appropriate policy path
|
|
|
|
|
|
Federal funds rate
|
5.50
Percent
|
.
Percent
|
.
Percent
|
%
|
|
CENTRAL TENDENCY HIGH
|
|
|
|
|
|
Change in real GDP
|
2.2
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Unemployment rate
|
3.9
Fourth Quarter, Percent
|
.
Fourth Quarter, Percent
|
.
Fourth Quarter, Percent
|
Fourth Qtr., %
|
|
PCE inflation
|
3.4
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Core PCE inflation
|
3.9
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Memo: Projected appropriate policy path
|
|
|
|
|
|
Federal funds rate
|
5.6
Percent
|
.
Percent
|
.
Percent
|
%
|
|
RANGE LOW
|
|
|
|
|
|
Change in real GDP
|
1.8
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Unemployment rate
|
3.7
Fourth Quarter, Percent
|
.
Fourth Quarter, Percent
|
.
Fourth Quarter, Percent
|
Fourth Qtr., %
|
|
PCE inflation
|
3.1
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Core PCE inflation
|
3.5
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Memo: Projected appropriate policy path
|
|
|
|
|
|
Federal funds rate
|
5.4
Percent
|
.
Percent
|
.
Percent
|
%
|
|
RANGE MIDPOINT
|
|
|
|
|
|
Change in real GDP
|
2.20
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Unemployment rate
|
3.85
Fourth Quarter, Percent
|
.
Fourth Quarter, Percent
|
.
Fourth Quarter, Percent
|
Fourth Qtr., %
|
|
PCE inflation
|
3.45
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Core PCE inflation
|
3.85
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Memo: Projected appropriate policy path
|
|
|
|
|
|
Federal funds rate
|
5.50
Percent
|
.
Percent
|
.
Percent
|
%
|
|
RANGE HIGH
|
|
|
|
|
|
Change in real GDP
|
2.6
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Unemployment rate
|
4.0
Fourth Quarter, Percent
|
.
Fourth Quarter, Percent
|
.
Fourth Quarter, Percent
|
Fourth Qtr., %
|
|
PCE inflation
|
3.8
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Core PCE inflation
|
4.2
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
.
Fourth Quarter to Fourth Quarter Percent Change
|
Fourth Qtr. to Fourth Qtr. % Chg.
|
|
Memo: Projected appropriate policy path
|
|
|
|
|
|
Federal funds rate
|
5.6
Percent
|
.
Percent
|
.
Percent
|
%
|