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Interest Rate Projections - Longer

The Federal Reserve releases the Summary of Economic Projections, the so-called dot-plot, on a quarterly basis. The publication summarizes policymakers' outlook for the federal funds rate, Gross Domestic Product (GDP) growth and Personal Consumption Expenditures (PCE) inflation. It is widely used as a guide to figure out the location of the terminal rate and the possible timing of a policy pivot. Higher projected interest rates usually support the US Dollar, while lower projections weigh down on the USD.

Most recent - Wednesday 20 September 2023 18:00

Previous
2.5%
Actual
2.5%

Next event - Wednesday 13 December 2023 19:00

Previous
2.5%
Actual
-

The typical/expected impact on USD pairs is high.

Trading range

Announcement history

The most recent announced value for Interest Rate Projections - Longer was 2.5%.

Past events

Date
Actual
Wednesday 20 September 2023 18:00
2.5%
Wednesday 14 June 2023 18:00
2.5%
Wednesday 22 March 2023 18:00
2.5%
Wednesday 14 December 2022 19:00
2.5%
Wednesday 21 September 2022 18:00
2.5%
Wednesday 15 June 2022 18:00
2.5%
Wednesday 16 March 2022 18:00
2.4%
Wednesday 15 December 2021 19:00
2.5%
Wednesday 22 September 2021 18:00
2.5%
Wednesday 16 June 2021 18:00
2.5%
Wednesday 17 March 2021 18:00
2.5%
Wednesday 16 December 2020 19:00
2.5%

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next Interest Rate Projections - Longer result:

PreviousLatest
S&P Global Composite PMIBearish change50.250.1
S&P Global Manufacturing PMIBullish change47.948.9
S&P Global Services PMIBearish change50.550.2
Existing Home Sales Change (MoM)Bullish change-2.2%-0.7%
Initial Jobless ClaimsBullish change221K201K
Philadelphia Fed Manufacturing SurveyBearish change12-13.5
Fed Interest Rate Decision(no change)5.5%5.5%
Interest Rate Projections - 1st yearBullish change4.6%5.1%
Interest Rate Projections - 2nd yearBullish change3.4%3.9%
Interest Rate Projections - 3rd yearBearish change3.1%2.9%
Interest Rate Projections - Current(no change)5.6%5.6%
Building Permits (MoM)Bullish change1.443M1.543M
Housing Starts (MoM)Bearish change1.447M1.283M
Michigan Consumer Sentiment IndexBearish change69.567.7
UoM 5-year Consumer Inflation ExpectationBearish change3%2.7%
Industrial Production (MoM)Bearish change0.7%0.4%
NY Empire State Manufacturing IndexBullish change-191.9
Initial Jobless ClaimsBearish change217K220K
Producer Price Index (MoM)Bullish change0.4%0.7%
Producer Price Index (YoY)Bullish change0.8%1.6%
Producer Price Index ex Food & Energy (MoM)Bearish change0.4%0.2%
Producer Price Index ex Food & Energy (YoY)Bearish change2.4%2.2%
Retail Sales (MoM)Bullish change0.5%0.6%
Retail Sales Control GroupBearish change0.7%0.1%
Retail Sales ex Autos (MoM)Bearish change0.7%0.6%
Monthly Budget StatementBullish change$-221B$89B
Consumer Price Index (MoM)Bullish change0.2%0.6%
Consumer Price Index (YoY)Bullish change3.2%3.7%
Consumer Price Index ex Food & Energy (MoM)Bullish change0.2%0.3%
Consumer Price Index ex Food & Energy (YoY)Bearish change4.7%4.3%

About Interest Rate Projections - Longer

Country:United States
Currency:USD
Source:Federal Reserve
Category:Central Banks
Frequency:Irregular

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