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US Data: FOMC Participant Projections For Target Funds Rate>

Report for:  June 2019
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        2019      2019      2019        2020      2020      2020
Release Date:    Jun19     Mar19     Dec18       Jun19     Mar19     Dec18
Mean FFR *        2.169     2.493     2.846       2.213     2.669     3.045
Median FFR *      2.375     2.375     2.875       2.125     2.625     3.125
Mode FFR*         2.375     2.375     3.125       1.875     2.375     2.875
-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                 0         0         0           0         0         0
1.250                 0         0         0           0         0         0
1.375                 0         0         0           0         0         0
1.500                 0         0         0           0         0         0
1.625                 0         0         0           0         0         0
1.750                 0         0         0           0         0         0
1.875                 7         0         0           7         0         0
2.000                 0         0         0           0         0         0
2.125                 1         0         0           2         0         0
2.250                 0         0         0           0         0         0
2.375                 8        11         2           5         7         1
2.500                 0         0         0           0         0         0
2.625                 1         4         4           2         4         1
2.750                 0         0         0           0         0         0
2.875                 0         2         5           0         3         6
3.000                 0         0         0           0         0         0
3.125                 0         0         6           1         2         4
3.250                 0         0         0           0         0         0
3.375                 0         0         0           0         1         3
3.500                 0         0         0           0         0         0
3.625                 0         0         0           0         0         2
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        2021      2021      2021   Long Run  Long Run  Long Run
Release Date:    Jun19     Mar19     Dec18       Jun19     Mar19     Dec18
Mean FFR *        2.316     2.743     3.007       2.695     2.797     2.844
Median FFR *      2.375     2.625     3.125       2.500     2.750     2.750
Mode FFR*         1.875     2.375     3.125       2.500     2.500       NA
-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                 0         0         0           0         0         0
1.250                 0         0         0           0         0         0
1.375                 0         0         0           0         0         0
1.500                 0         0         0           0         0         0
1.625                 0         0         0           0         0         0
1.750                 0         0         0           0         0         0
1.875                 0         0         0           0         0         0
2.000                 0         0         0           0         0         0
2.125                 2         0         0           0         0         0
2.250                 0         0         0           0         0         0
2.375                 5         5         1           1         0         0
2.500                 0         0         0           8         6         4
2.625                 3         5         3           0         0         0
2.750                 0         0         0           3         4         5
2.875                 1         4         4           0         0         0
3.000                 0         0         0           2         4         5
3.125                 1         1         6           0         0         0
3.250                 0         0         0           2         1         1
3.375                 0         1         1           0         0         0
3.500                 0         0         0           0         1         1
3.625                 0         1         2           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
  ** MNI Washington Bureau (202) 371-2121 **
[TOPICS: MTABLE,M$U$$$,MMUFE$,MAUDA$]

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