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Source: U.S. Federal Open Market Committee

Source: Federal Reserve Bank of St. Louis  

Release: Summary of Economic Projections  

Units:  Fourth Quarter to Fourth Quarter Percent Change, Not Seasonally Adjusted

Frequency:  Annual


Projections of real gross domestic product growth are fourth-quarter growth rates, that is, percentage changes from the fourth quarter of the prior year to the fourth quarter of the indicated year. Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the given year. This series represents the median value of the range forecast established by the Federal Open Market Committee. For each period, the median is the middle projection when the projections are arranged from lowest to highest. When the number of projections is even, the median is the average of the two middle projections.

Digitized originals of this release can be found at

Suggested Citation:

U.S. Federal Open Market Committee and Federal Reserve Bank of St. Louis, FOMC Summary of Economic Projections for the Growth Rate of Real Gross Domestic Product, Median [GDPC1MD], retrieved from ALFRED, Federal Reserve Bank of St. Louis;, January 28, 2022.


Summary of Economic Projections

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