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Summary of Economic Projections - Federal Reserve

For release at 2:00 , EDT, June 16, 2021 Summaryof Economic ProjectionsIn conjunction with the Federal Open Market Committee (FOMC) meeting held onJune 15 16, 2021, meeting participants submitted their Projections of the most likelyoutcomes for real gross domestic product (GDP) growth, the unemployment rate, andinflation for each year from 2021 to 2023 and over the longer run. Each participant sprojections were based on information available at the time of the meeting, togetherwith her or his assessment of appropriate monetary policy including a path for thefederal funds rate and its longer-run value and assumptions about other factors likelyto affect Economic outcomes.

Jun 16, 2021 · For release at 2:00 p.m., EDT, June 16, 2021 Figure1. Medians,centraltendencies,andrangesofeconomicprojections,2021–23andoverthelongerrun-4-3

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