{"id":55098,"date":"2020-09-20T07:58:04","date_gmt":"2020-09-20T12:58:04","guid":{"rendered":"https:\/\/olduvai.ca\/?p=55098"},"modified":"2020-09-20T07:58:04","modified_gmt":"2020-09-20T12:58:04","slug":"feds-gdp-and-unemployment-projections-who-believes-them","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=55098","title":{"rendered":"Fed’s GDP and Unemployment Projections: Who Believes Them?"},"content":{"rendered":"
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Fed’s GDP and Unemployment Projections: Who Believes Them?<\/a><\/h3>\n<\/div>\n
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In addition to its blather about interest rates, the Fed also made numerous economic projections.<\/div>\n<\/div>\n
Economic Projections<\/strong><\/p>\n

Please consider the\u00a0Economic Projections of FOMC Participants<\/a>\u00a0under their individual assumptions of appropriate monetary policy, September 2020.<\/p>\n

Fed’s GDP, Unemployment, PCE Inflation Projections<\/strong><\/p>\n

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\"Fed's<\/div>
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GDP Projection<\/strong><\/p>\n

The Fed believes GDP will only contract 3.7% in 2020 then rebound 4% in 2021, and 3% in 2022.<\/p>\n

Do you believe this?<\/p>\n

Unemployment Projection<\/strong><\/p>\n

The Fed believes the Unemployment Rate will be 7.6% in 2020, 5.5% in 2021, and 4.6% in 2022.<\/p>\n

Do you believe this?<\/p>\n

PCE Inflation Projection<\/strong><\/p>\n

The Fed believes Core Personal Consumption Expenditure inflation (excluding food and energy) will be 1.5% in 2020, 1.7% in 2021, and 1.8% in 2022.<\/p>\n

Do you believe this?<\/p>\n

GDP Poll<\/strong><\/p>\n

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