Federal Open Market Committee Projections for 2013 – 2016
| GDP projections of Federal Reserve Governors and Reserve Bank presidents | ||||
|---|---|---|---|---|
| Change in Real GDP1 | 2013 | 2014 | 2015 | 2016 |
| Sept 2013 Meeting Projections | 2.0 to 2.3 | 2.9 to 3.1 | 3.0 to 3.5 | 2.5 to 3.3 |
| June 2013 Meeting Projections | 2.3 to 2.6 | 3.0 to 3.5 | 2.9 to 3.6 | |
| Mar 2013 Meeting Projections | 2.3 to 2.8 | 2.9 to 3.4 | 2.9 to 3.7 | |
1 Projections of change in real GDP and in inflation are from the fourth quarter of the previous year to the fourth quarter of the year indicated.
The unemployment rate was at 7.3% in August.
| Unemployment projections of Federal Reserve Governors and Reserve Bank presidents | ||||
|---|---|---|---|---|
| Unemployment Rate2 | 2013 | 2014 | 2015 | 2016 |
| Sept 2013 Meeting Projections | 7.1 to 7.3 | 6.4 to 6.8 | 5.9 to 6.2 | 5.4 to 5.9 |
| June 2013 Meeting Projections | 7.2 to 7.3 | 6.5 to 6.8 | 5.8 to 6.2 | |
| Mar 2013 Meeting Projections | 7.3 to 7.5 | 6.7 to 7.0 | 6.0 to 6.5 | |
2 Projections for the unemployment rate are for the average civilian unemployment rate in the fourth quarter of the year indicated.
The FOMC believes inflation will stay significantly below target.
Here is core inflation:
| Core Inflation projections of Federal Reserve Governors and Reserve Bank presidents | ||||
|---|---|---|---|---|
| Core Inflation1 | 2013 | 2014 | 2015 | 2016 |
| Sept 2013 Meeting Projections | 1.2 to 1.3 | 1.5 to 1.7 | 1.7 to 2.0 | 1.9 to 2.0 |
| June 2013 Meeting Projections | 1.2 to 1.3 | 1.5 to 1.8 | 1.7 to 2.0 | |
| Mar 2013 Meeting Projections | 1.5 to 1.6 | 1.7 to 2.0 | 1.8 to 2.0 | |
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Numbers from charts from official Fed statements released at the Press Conference today, Sept. 18, 2013.
Read more about these numbers at… http://www.calculatedriskblog.com/#ykdI5l6JiWAIrtfu.99
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I think those numbers look good for Obama to me.
Especially unemployment.
I know that the twenty-something demographic is really hurting for jobs right now. (I never thought I’d be glad that I never finished school and paid off my loans already.) I hope those numbers improve as projected.
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Read more about the important Fed Meeting today that’s making the Dow go up at:
Kink and Keynesianism 
Did you know that back in 2009 they projected GDP to be 4.2% right now? They were off by 100%. If anything, the djia should go down by 50%, because it went up on lies. Did you also know that they said unemployment would only reach 8% if Congress didn’t approve TARP?…
Citations?