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Day in Perspective

Day in Perspective . May 29 th , 2014 Mark Schweitzer Senior VP & Director of Research. March FOMC Projection: PCE Inflation. Source: Federal Reserve Board. March FOMC Projection: Unemployment Rate. Source: Federal Reserve Board. PCE Inflation Projection Evolution.

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Day in Perspective

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  1. Day in Perspective May 29th, 2014 Mark Schweitzer Senior VP & Director of Research

  2. March FOMC Projection: PCE Inflation Source: Federal Reserve Board

  3. March FOMC Projection: Unemployment Rate Source: Federal Reserve Board

  4. PCE Inflation Projection Evolution Midpoint of the central tendency (Q4/Q4 percent change) - 2012 - 2013 - 2014 - 2015 - 2016 Source: Federal Reserve Board

  5. Core PCE Inflation Projection Evolution Midpoint of the central tendency (Q4/Q4 percent change) June 2013 SEP Dec 2013 SEP - 2012 - 2013 - 2014 - 2015 - 2016 Source: Federal Reserve Board

  6. FOMC Projection: Core PCE Inflation Year-over-year percent change - Core PCE Inflation - March 2013 SEP central tendency - June 2013 SEP central tendency Source: Federal Reserve Board, BEA

  7. FOMC Projection: Core PCE Inflation Year-over-year percent change - Core PCE Inflation - September 2013 SEP central tendency - December 2013 SEP central tendency Source: Federal Reserve Board, BEA

  8. Unemployment Rate Projection Evolution Midpoint of the central tendency (Q4 average) Dec 2013 SEP June 2013 SEP - 2012 - 2013 - 2014 - 2015 - 2016 Source: Federal Reserve Board

  9. Taylor Rule Implied FFR Path Percent - March 2013 SEP - June 2013 SEP - December 2013 SEP Source: Federal Reserve Board, Author’s Calculation

  10. FOMC Projections: Fed Funds Rate Percent 2015 2013 2014 Source: Federal Reserve Board

  11. FOMC Projections: Fed Funds Rate Percent 2015 2013 2014 Source: Federal Reserve Board

  12. Day in Perspective May 29th, 2014 Mark Schweitzer Senior VP & Director of Research

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