FOMC’s Economic Projections for 2023-2025
Also Interesting
The Federal Open Market Committee (FOMC) meeting held in March 2023 included projections of the most likely outcomes for real GDP growth, the unemployment rate, and inflation. Each participant's projections were based on their assessment of appropriate monetary policy and other factors likely to impact economic outcomes. The longer-run projections represent each participant's assessment of the value to which each variable would be expected to converge over time, under appropriate monetary policy. "Appropriate monetary policy" is defined as the future path of policy that each participant deems most likely to foster outcomes for economic activity and inflation that best satisfy his or her individual interpretation of the statutory mandate to promote maximum employment and price stability.
This report provides insights into the projected economic outcomes for the next few years based on the assessment of the FOMC participants. It gives a glimpse into the factors that influence economic decisions and how they impact the economy. For those interested in understanding the workings of the FOMC and how its decisions impact the economy, this report is a must-read. The report provides a deep understanding of the economic projections of the committee members, which helps in understanding the factors that influence economic policy decisions. Click on "read report" to gain valuable insights into the FOMC's economic projections for the coming years.
