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FOMC Summary of Economic Projections
In conjunction with the Federal Open Market Committee (FOMC) meeting held on March 21–22, 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's Median View of Fed Funds Rate at End-2023 5.1% vs 5.1% in December Projections
— *seven (@sevenloI) March 22, 2023
Fed's Median View of Fed Funds Rate at End-2024 4.3% (Prev 4.1%)
Fed's Median View of Fed Funds Rate at End-2025 3.1% (Prev 3.1%)
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Fed projections show there will be one more 25 basis point hike this year and 75 basis point cuts in 2024.
— BTBMarkets (@BTBMarkets) March 22, 2023