Updated forecasts from the FOMC 17 December 2014
- GDP raised for 2014 2.3% – 2.5% vs 1.8% – 2.3%
- 2015 GDP range unchanged 2.1% – 3.2%
- 2016 unch 2.1% – 3.0%
- 2017 raised slightly 2.0% – 2.7% (2.6% prior)
Unemployment
- 2014 upper range lowered to 5.85% from 6.1%
- 2015 5.0% – 5.5% vs 5.2% – 5.7% prior
- 2016 upper range lowered to 5.4% vs 5.6% prior
- 2017 upper range lowered to 5.7% vs 5.8%
FOMC projections 17 12 2014
On the dots there was one member going for 3% in 2015 in the September forecasts but they’ve shifted to 1.75% by the looks of things
FOMC dots 17 12 2014
FOMC dots Sept 2014
