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Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Range, High (FEDTARRHLR)

Observation:

2018-09-26: 3.5  
Updated: Sep 26, 2018

Units:

Percent,
Not Seasonally Adjusted

Frequency:

Not Applicable
1Y | 5Y | 10Y | Max
  EDIT BAR 1
(a) Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Range, High, Percent, Not Seasonally Adjusted (FEDTARRHLR)
The longer-run projections are the rates of growth, inflation, unemployment, and federal funds rate to which a policymaker expects the economy to converge over time in the absence of further shocks and under appropriate monetary policy. Because appropriate monetary policy, by definition, is aimed at achieving the Federal Reserve's dual mandate of maximum employment and price stability in the longer run, policymakers' longer-run projections for economic growth and unemployment may be interpreted, respectively, as estimates of the economy's longer-run potential growth rate and the longer-run normal rate of unemployment; similarly, the longer-run projection of inflation is the rate of inflation which the FOMC judges to be most consistent with its dual mandate in the longer-term.

The projections for the federal funds rate are the value of the midpoint of the projected appropriate target range for the federal funds rate or the projected appropriate target level for the federal funds rate at the end of the specified calendar year or over the longer run. Each participant's projections are based on his or her assessment of appropriate monetary policy.he 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 high value of the range forecast established by the Federal Open Market Committee.

Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Range, High

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(a) Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Range, High, Percent, Not Seasonally Adjusted (FEDTARRHLR)
The longer-run projections are the rates of growth, inflation, unemployment, and federal funds rate to which a policymaker expects the economy to converge over time in the absence of further shocks and under appropriate monetary policy. Because appropriate monetary policy, by definition, is aimed at achieving the Federal Reserve's dual mandate of maximum employment and price stability in the longer run, policymakers' longer-run projections for economic growth and unemployment may be interpreted, respectively, as estimates of the economy's longer-run potential growth rate and the longer-run normal rate of unemployment; similarly, the longer-run projection of inflation is the rate of inflation which the FOMC judges to be most consistent with its dual mandate in the longer-term.

The projections for the federal funds rate are the value of the midpoint of the projected appropriate target range for the federal funds rate or the projected appropriate target level for the federal funds rate at the end of the specified calendar year or over the longer run. Each participant's projections are based on his or her assessment of appropriate monetary policy.he 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 high value of the range forecast established by the Federal Open Market Committee.

Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Range, High

Select a date that will equal 100 for your custom index:
to

Customize data:

Write a custom formula to transform one or more series or combine two or more series.

You can begin by adding a series to combine with your existing series.

Now create a custom formula to combine or transform the series.
Need help? []

Finally, you can change the units of your new series.

Select a date that will equal 100 for your custom index:

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NOTES
Title Release Dates

2015-12-16 2018-09-26
 
Source    

2015-12-16 2018-09-26
2015-12-16 2018-09-26
 
Release    

2015-12-16 2018-09-26
 
Units    

2015-12-16 2018-09-26
 
Frequency    

2015-12-16 2018-09-26
 
Seasonal Adjustment    

2015-12-16 2018-09-26
 
Notes    

2015-12-16 2018-09-26
RELEASE TABLES





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