Free Trial

US Data: FOMC Participant Projections For Target Funds Rate>

Report for:  December 2017
Source: Federal Reserve
Federal Reserve Note:
Appropriate monetary policy, by definition, is the future path of
policy that each participant deems most likely to foster outcomes for
economic activity and inflation that best satisfy his or her
interpretation of the Federal Reserve's dual objectives of maximum
employment and stable prices.
Appropriate Pace of Monetary Firming
Target Federal Funds Rate at Year-End (in pct)
             Number of Reponses
End of Year        2017      2017      2017        2018      2018      2018
Release Date:     Dec17     Sep17     Jun17       Dec17     Sep17     Jun17 
Mean FFR *        1.344     1.328     1.375       2.016     2.039     2.227
Median FFR *      1.375     1.375     1.375       2.125     2.125     2.125
Mode FFR*         1.375     1.375     1.375       2.125     2.125     2.125
-0.125                0         0         0           0         0         0
0.000                 0         0         0           0         0         0
0.125                 0         0         0           0         0         0
0.250                 0         0         0           0         0         0
0.375                 0         0         0           0         0         0
0.500                 0         0         0           0         0         0
0.625                 0         0         0           0         0         0
0.750                 0         0         0           0         0         0
0.875                 0         0         0           0         0         0
1.000                 0         0         0           0         0         0
1.125                 2         4         4           1         2         1
1.250                 0         0         0           0         0         0
1.375                14        11         8           1         0         0
1.500                 0         0         0           0         0         0
1.625                 0         1         4           1         1         1
1.750                 0         0         0           0         0         0
1.875                 0         0         0           3         2         2
2.000                 0         0         0           0         0         0
2.125                 0         0         0           6         6         5
2.250                 0         0         0           0         0         0
2.375                 0         0         0           3         3         2
2.500                 0         0         0           0         1         0
2.625                 0         0         0           1         1         3
2.750                 0         0         0           0         0         1
2.875                 0         0         0           0         0         0
3.000                 0         0         0           0         0         0
3.125                 0         0         0           0         0         1
3.250                 0         0         0           0         0         0
3.375                 0         0         0           0         0         0
3.500                 0         0         0           0         0         0
3.625                 0         0         0           0         0         0
3.750                 0         0         0           0         0         0
3.875                 0         0         0           0         0         0
4.000                 0         0         0           0         0         0
4.125                 0         0         0           0         0         0
4.250                 0         0         0           0         0         0
4.375                 0         0         0           0         0         0
4.500                 0         0         0           0         0         0
4.625                 0         0         0           0         0         0
4.750                 0         0         0           0         0         0
4.875                 0         0         0           0         0         0
5.000                 0         0         0           0         0         0
End of Year        2019      2019      2019        2020      2020      2020
Release Date:     Dec17     Sep17     Jun17       Dec17     Sep17     Jun17
Mean FFR *        2.695     2.633     2.852       3.016     2.852       NA
Median FFR *      2.688     2.688     2.938       3.063     2.875       NA
Mode FFR*         2.625     2.375     2.625       3.125     2.875       NA
-0.125                0         0         0           0         0       NA
0.000                 0         0         0           0         0       NA
0.125                 0         0         0           0         0       NA
0.250                 0         0         0           0         0       NA
0.375                 0         0         0           0         0       NA
0.500                 0         0         0           0         0       NA
0.625                 0         0         0           0         0       NA
0.750                 0         0         0           0         0       NA
0.875                 0         0         0           0         0       NA
1.000                 0         0         0           0         0       NA
1.125                 0         1         1           0         1       NA
1.250                 0         0         0           1         0       NA
1.375                 1         0         0           0         0       NA
1.500                 0         0         0           0         0       NA
1.625                 1         1         0           0         0       NA
1.750                 0         0         0           0         0       NA
1.875                 0         0         0           0         0       NA
2.000                 0         0         0           0         0       NA
2.125                 0         1         0           0         0       NA
2.250                 0         0         0           0         0       NA
2.375                 2         2         2           1         2       NA
2.500                 0         1         0           0         1       NA
2.625                 4         2         3           2         2       NA
2.750                 1         1         0           0         1       NA
2.875                 3         2         2           1         3       NA
3.000                 0         0         2           3         1       NA
3.125                 1         2         3           5         1       NA
3.250                 0         1         1           0         0       NA
3.375                 2         2         1           0         0       NA
3.500                 0         0         0           1         2       NA
3.625                 1         0         0           0         1       NA
3.750                 0         0         0           0         0       NA
3.875                 0         0         0           0         1       NA
4.000                 0         0         0           0         0       NA
4.125                 0         0         1           2         0       NA
4.250                 0         0         0           0         0       NA
4.375                 0         0         0           0         0       NA
4.500                 0         0         0           0         0       NA
4.625                 0         0         0           0         0       NA
4.750                 0         0         0           0         0       NA
4.875                 0         0         0           0         0       NA
5.000                 0         0         0           0         0       NA
End of Year   Long Run  Long Run  Long Run
Release Date:     Dec17     Sep17     Jun17
Mean FFR *        2.783     2.783     2.917
Median FFR *      2.750     2.750     3.000
Mode FFR*            NA     3.000     3.000
-0.125                0         0         0
0.000                 0         0         0
0.125                 0         0         0
0.250                 0         0         0
0.375                 0         0         0
0.500                 0         0         0
0.625                 0         0         0
0.750                 0         0         0
0.875                 0         0         0
1.000                 0         0         0
1.125                 0         0         0
1.250                 0         0         0
1.375                 0         0         0
1.500                 0         0         0
1.625                 0         0         0
1.750                 0         0         0
1.875                 0         0         0
2.000                 0         0         0
2.125                 0         0         0
2.250                 1         1         0
2.375                 0         0         0
2.500                 2         4         1
2.625                 0         0         0
2.750                 6         4         5
2.875                 0         0         0
3.000                 6         5         8
3.125                 0         0         0
3.250                 0         0         0
3.375                 0         0         0
3.500                 0         1         1
3.625                 0         0         0
3.750                 0         0         0
3.875                 0         0         0
4.000                 0         0         0
4.125                 0         0         0
4.250                 0         0         0
4.375                 0         0         0
4.500                 0         0         0
4.625                 0         0         0
4.750                 0         0         0
4.875                 0         0         0
5.000                 0         0         0
  ** MNI Washington Bureau (202) 371-2121 **
[TOPICS: MTABLE,M$U$$$,MMUFE$,MAUDA$]

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.