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FOMC Summary of Economic Projections
In conjunction with the Federal Open Market Committee (FOMC) meeting held on June 15–16, 2021, 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 2021 to 2023 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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7 Fed Officials Expect Rates To Increase In 2022, 13 Fed Officials See Rate Increase In 2023
— Inara Bright (@InaraBright) June 16, 2021
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*Fed Projects Inflation at 3.4% in 2021, Up From Earlier 2.4% Estimate
— *Walter Bloomberg (@DeItaone) June 16, 2021
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