Fed sees slightly higher economic growth and jobless rate in 2019
FOMC economic projections:
Federal Reserve's median view of appropriate fed funds rate at end-2019 1.9% (prev 2.4%).
Seven of 17 Fed policymakers see appropriate end-2019 Fed funds rate at 1.6%, 5 see it at 1.9% and 5 see it at 2.1%.
Fed's median view of fed funds rate at end-2020 1.9% (prev 2.1%).
Fed's median view of fed funds rate at end-2021 2.1% (prev 2.4%).
Fed's median view of fed funds rate at end-2022 2.4%.
Fed's median view of fed funds rate in longer run 2.5% (prev 2.5%).
Median Fed long-run forecasts - GDP growth 1.9% (prev 1.9%); jobless rate 4.2% (prev 4.2%); PCE price index 2.0% (prev 2.0%).
18 Sep 19 (Wed)
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