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Longer Run FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Central Tendency, Midpoint (UNRATECTMLR)

Observation:

2017-03-15: 4.85  
Updated: Mar 15, 2017

Units:

Fourth Quarter, Percent,
Not Seasonally Adjusted

Frequency:

Not Applicable
1Y | 5Y | 10Y | Max
  EDIT BAR 1
(a) Longer Run FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Central Tendency, Midpoint, Fourth Quarter, Percent, Not Seasonally Adjusted (UNRATECTMLR)
The longer-run projections are the rates of growth, inflation, and unemployment 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.

Projections for the unemployment rate are for the average civilian unemployment rate in the fourth quarter of each 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; the central tendencies exclude the three highest and three lowest projections for each year. This series represents the midpoint of the central tendency forecast's high and low values 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 Civilian Unemployment Rate, Central Tendency, Midpoint

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  EDIT BAR 2
(a) Longer Run FOMC Summary of Economic Projections for the Civilian Unemployment Rate, Central Tendency, Midpoint, Fourth Quarter, Percent, Not Seasonally Adjusted (UNRATECTMLR)
The longer-run projections are the rates of growth, inflation, and unemployment 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.

Projections for the unemployment rate are for the average civilian unemployment rate in the fourth quarter of each 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; the central tendencies exclude the three highest and three lowest projections for each year. This series represents the midpoint of the central tendency forecast's high and low values 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 Civilian Unemployment Rate, Central Tendency, Midpoint

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

2009-02-18 2017-03-15
 
Source    

2009-02-18 2017-03-15
2009-02-18 2017-03-15
 
Release    

2009-02-18 2017-03-15
 
Units    

2009-02-18 2017-03-15
 
Frequency    

2009-02-18 2017-03-15
 
Seasonal Adjustment    

2009-02-18 2017-03-15
 
Notes    

2009-02-18 2017-03-15
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