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Longer Run FOMC Summary of Economic Projections for the Growth Rate of Real Gross Domestic Product, Range, Midpoint (GDPC1RMLR)

Observation:

2024-12-18: 2.10 (+ more)  Updated: Dec 18, 2024 2:08 PM CST
2024-12-18:  2.10  
2024-09-18:  2.10  
2024-06-12:  2.05  
2024-03-20:  2.05  
2023-12-13:  2.05  

Units:

Fourth Quarter to Fourth Quarter Percent Change,
Not Seasonally Adjusted

Frequency:

Not Applicable

NOTES

Title Release Dates
Longer Run FOMC Summary of Economic Projections for the Growth Rate of Real Gross Domestic Product, Range, Midpoint 2009-02-18 2024-12-18
 
Source    
U.S. Federal Open Market Committee 2009-02-18 2024-12-18
Federal Reserve Bank of St. Louis 2009-02-18 2024-12-18
 
Release    
Summary of Economic Projections 2009-02-18 2024-12-18
 
Units    
Fourth Quarter to Fourth Quarter Percent Change 2009-02-18 2024-12-18
 
Frequency    
Not Applicable 2009-02-18 2024-12-18
 
Seasonal Adjustment    
Not Seasonally Adjusted 2009-02-18 2024-12-18
 
Notes    
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 of real gross domestic product growth are fourth-quarter growth rates - that is, percentage changes from the fourth quarter of the prior year to the fourth quarter of the indicated 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. This series represents the midpoint of the range 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.

2009-02-18 2024-12-18

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Federal Open Market Committee Federal Open Markets Committee Projection St. Louis Fed Real Board of Governors Gross Domestic Product Rate Nation Public Domain: Citation Requested Not Seasonally Adjusted United States of America