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FOMC Summary of Economic Projections
In conjunction with the Federal Open Market Committee (FOMC) meeting held on June 13–14, 2023, 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 2023 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 Officials See 3.2% Inflation at End of 2023, 2.5% End of 2024
— *Walter Bloomberg (@DeItaone) June 14, 2023
Fed Officials See 3.9% Core Inflation at End of 2023, 2.6% End of 2024
Fed Officials See U.S. GDP at 1.0% in 2023, 1.1% in 2024
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FED MEDIAN RATE FORECASTS RISE TO 5.6% END-* 23, 4.6% END-* 24.
— Breaking Market News (@financialjuice) June 14, 2023
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2023 dots, May vs June.
— zerohedge (@zerohedge) June 14, 2023
What shocked the market is the increase from 5.1% to 5.6%.
Fed signals 2 more rate hikes pic.twitter.com/0iVjBwMHPF
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