FOMC Quick Take -upgrade to forecasts, but sets a suck it and see tone

Posted on March 22nd, 2018

FOMC raised GDP forecasts for 2018 from 2.5 to 2.7; for 2019 from 2.1% to 2.4%.  However, it left the 2020 GDP forecast at 2.0%, and the long run potential rate at 1.8%. It lowered unemployment rate forecasts across the profile from 2018 to 2020. From 3.9 t0 3.8% in 2018, from 3.9 to 3.6% […]