FOMC economist forecasts
New forecasts:
Here are the prior forecasts:
This chart makes it easier to see the changes:
So growth is higher by 0.2 pp this year and 0.3 pp next year with 2020 unchanged. That's about what was expected, if not a bit on the soft side for this year. Unemployment is also lowered but that could be a signal about how much capacity is in the economy, rather than the economy operating too hot.
