2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar

FOMC Forecasts  
Definition
The Fed now releases economic projections four times a year (March, June, September, and December). Traditionally, the Fed forecasts covered GDP, the PCE price index, and the civilian unemployment rate. However, the forecast report additionally now includes forecasts for the appropriate timing of the next change in the fed funds rate and the expected fed funds rate at the end of the next two years. The forecasts are released at the same time as the FOMC statement which is 2:00 p.m. ET and 30 minutes prior to the Fed chair's press conference which addresses the forecasts and Fed policy in general. The forecasts are a composite of individual forecasts by each Fed governor and each District president and cover two to three years out on an annual basis. The GDP, inflation, and unemployment numbers are published as a "central tendency" and also as a range. The central tendency is an average of the forecasts after the highest and lowest forecasts are removed. The range shows the highest and lowest forecasts for these indicators. Why Investors Care

Frequency
Quarterly

Source
Federal Reserve Board of Governors

Availability
Forecasts are released at about 2:00 p.m. ET on days of the release of FOMC policy statements during the months of March, June, September, and December.

Revisions
No


powered by  [Econoday]