Updated US Fed economic projections from the June 2015 FOMC monetary policy meeting 17 June 2015

  • 2016 GDP 2.4% - 2.7% vs 2.3% - 2.7% prior
  • 2017 GDP 2.1% - 2.5% vs 2.0% - 2.4% prior

Unemployment

  • 2015 5.2% - 5.3% vs 5.0% - 5.2% prior
  • 2016 4.9% - 5.1% Unch
  • 2017 4.9% - 5.1% vs 4.8% - 5.1% prior

Core CPI

  • 2015 1.3% - 1.4% Unch
  • 2016 1.6% - 1.9% vs 1.5% - 1.9% prior
  • 2017 1.9% - 2.0% vs 1.8% - 2.0% prior

June 2015

March 2015

There's nothing shocking from the projections. Growth for 2015 was expected to be moved down after the awful first quarter. The longer term view remains unchanged. It's tinkering around the edges but it looks to have been enough to see the Fed come lower on their rate path