- And linked to the FOMC’s view of the economy
- 2014 growth forecasts are down a little bit
- FOMC dots had relatively little upward movement
- Relatively little upward movement in interest rate path
- FOMC dot may have moved on employment view
- Change in FOMC economic projections and dots quite modest
- Dot plot doesn’t show members uncertainty on forecasts
- Slow pace of wage rises reflects labour market slack
- Growth has been slow relative to past recoveries
- 6.1% jobless rate still above normal and will come way down
- Still underuse of labour resources
FOMC dots Sep 2014
