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The Fed’s rosy scenario- everything comes out just fine like a Hollywood script

14:09 ECONX Fed Projections- September Update

Variable Central Tendency (Sept 2014)
2014 2015 2016 2017 Longer Run
Change in real GDP 2.0 to 2.2 2.6 to 3.0 2.6 to 2.9 2.3 to 2.5
June Projection 2.1 to 2.3 3.0 to 3.2 2.5 to 3.0 N/A 2.1 to 2.3
Unemployment Rate 5.9 to 6.0 5.4 to 5.6 5.1 to 5.4 4.9 to 5.3 5.2 to 5.5
June Projection 6.0 to 6.1 5.4 to 5.7 5.1 to 5.5 N/A 5.2 to 5.5
PCE Inflation 1.5 to 1.7 1.6 to 1.9 1.7 to 2.0 1.9 to 2.0 2
June Projection 1.5 to 1.7 1.5 to 2.0 1.6 to 2.0 N/A 2
Core PCE Inflation 1.5 to 1.6 1.6 to 1.9 1.8 to 2.0 1.9 to 2.0
June Projection 1.5 to 1.6 1.6 to 2.0 1.7 to 2.0 N/A

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