Mike (Mish) Shedlock | Sep 17, 2020 01:10AM ET
In addition to its blather about interest rates, the Fed also made numerous economic projections.
h2 Economic Projections/h2Please consider the Economic Projections of FOMC Participants under their individual assumptions of appropriate monetary policy, September 2020.
h3 Fed's GDP, Unemployment, PCE Inflation Projections/h3The Fed believes GDP will only contract 3.7% in 2020 then rebound 4% in 2021, and 3% in 2022.
Do you believe this?
h3 Unemployment Projection /h3The Fed believes the Unemployment Rate will be 7.6% in 2020, 5.5% in 2021, and 4.6% in 2022.
Do you believe this?
h3 PCE Inflation Projection/h3The 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.
Do you believe this?
h2 My Take/h2Original Post
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