Listen: Fomc, Three Percent, Five Percent discussed on KDWN Programming
"Yesterday. Many FOMC participants headed participants had participants participant problem with our audio this morning. Participants had expected that economic conditions would likely call for about three more rate increases in two thousand and nineteen. We brought that down a bit. And I think it is more likely that the economy will grow in a way that will call for to interest rate increases over the course of next year. What kind of year will two thousand nineteen we know that the economy may not be as kind to our forecast next year as it was this year history attests that unforeseen events as the year unfolds made buffet the economy and call for more than a slight change from the policy projections released today with that caveat, there are two important differences in the policy at what today versus next year in early two thousand eighteen we saw a rising trajectory for growth today. Instead, we see growth moderating ahead epilepsy. Participants along with many other forecasters headlong predicted some moderation of growth in two thousand and nineteen conditional tightening of financial conditions. We've seen over the past. Couple of months along with signs of somewhat weaker growth abroad. Have also led us to Mark down growth and inflation projections. A bit immediate FOMC participants projections shows growth of three percent this year and two point three percent in two thousand and nineteen with growth remaining next year above its longer run normal value. The unemployment rate is projected to fall a bit further to three point five percent by the end of two thousand nineteen inflation in the median projection remains near two percent second the economy has continued."