The Economy & the Fed
Dot Plot (Summary of Economic Projections)
Four times a year, at the March, June, September and December meetings, each Fed official writes down where they think the federal funds rate should be at the end of each of the next few years and in the longer run, along with forecasts for growth, unemployment and inflation. Each rate guess is a dot on a chart, hence the name. The medians are the Fed's best summary of where its officials expect policy to go. They are projections, not promises, and they change as the economy does.
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