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Sept FOMC: Economic Projections (2/3)

FED

MNI's expectations for the September economic projections are in the table below.

  • The main areas to watch are for a big upgrade to 2023 GDP growth (from 1.0% to 1.8-2.1%), a significant drop in core PCE (from 3.9% to 3.5-3.6%), and a tick down in 2023 unemployment.
  • Beyond 2023 there are not expected to be many changes, with the 2026 forecasts that are introduced today seen converging with longer-run estimates.

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