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Interest Rate Projections - 2nd year

The Federal Reserve releases the Summary of Economic Projections, the so-called dot-plot, on a quarterly basis. The publication summarizes policymakers' outlook for the federal funds rate, Gross Domestic Product (GDP) growth and Personal Consumption Expenditures (PCE) inflation. It is widely used as a guide to figure out the location of the terminal rate and the possible timing of a policy pivot. Higher projected interest rates usually support the US Dollar, while lower projections weigh down on the USD.

Most recent - Wednesday 18 December 2024 19:00

Previous
2.9%
Actual
3.4%

Next event - Wednesday 19 March 2025 18:00

Previous
3.4%
Actual
-

The typical/expected impact on USD pairs is high.

Trading range

Announcement history

The most recent announced value for Interest Rate Projections - 2nd year was 3.4%.

Past events

Date
Actual
Wednesday 18 December 2024 19:00
3.4%
Wednesday 18 September 2024 18:00
2.9%
Wednesday 12 June 2024 18:00
3.1%
Wednesday 20 March 2024 18:00
3.1%
Wednesday 13 December 2023 19:00
3.6%
Wednesday 20 September 2023 18:00
3.9%
Wednesday 14 June 2023 18:00
3.4%
Wednesday 22 March 2023 18:00
3.1%
Wednesday 14 December 2022 19:00
3.1%
Wednesday 21 September 2022 18:00
3.9%
Wednesday 15 June 2022 18:00
3.4%
Wednesday 16 March 2022 18:00
2.8%

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next Interest Rate Projections - 2nd year result:

PreviousLatest
Chicago Purchasing Managers' IndexBullish change39.545.5
Core Personal Consumption Expenditures - Price Index (MoM)Bullish change0.2%0.3%
Core Personal Consumption Expenditures - Price Index (YoY)Bearish change2.9%2.6%
Personal Consumption Expenditures - Price Index (MoM)(no change)0.3%0.3%
Personal Consumption Expenditures - Price Index (YoY)Bearish change2.6%2.5%
Personal Income (MoM)Bullish change0.4%0.9%
Personal SpendingBearish change0.8%-0.2%
Pending Home Sales (MoM)Bearish change-4.1%-4.6%
Core Personal Consumption Expenditures (QoQ)Bullish change2.5%2.7%
Durable Goods OrdersBullish change-1.8%3.1%
Durable Goods Orders ex DefenseBullish change-1.8%3.5%
Durable Goods Orders ex TransportationBearish change0.1%0%
Gross Domestic Product Annualized(no change)2.3%2.3%
Gross Domestic Product Price IndexBullish change2.2%2.4%
Initial Jobless ClaimsBearish change220K242K
Nondefense Capital Goods Orders ex AircraftBullish change0.4%0.8%
Personal Consumption Expenditures Prices (QoQ)Bullish change2.3%2.4%
New Home Sales Change (MoM)Bearish change8.1%-10.5%
Housing Price Index (MoM)(no change)0.4%0.4%
Existing Home Sales Change (MoM)Bearish change2.9%-4.9%
Michigan Consumer Sentiment IndexBearish change67.864.7
UoM 5-year Consumer Inflation ExpectationBullish change3.3%3.5%
S&P Global Composite PMIBearish change52.750.4
S&P Global Manufacturing PMIBullish change51.251.6
S&P Global Services PMIBearish change52.949.7
Initial Jobless ClaimsBearish change214K219K
Philadelphia Fed Manufacturing SurveyBearish change44.318.1
Building Permits (MoM)Bullish change1.482M1.483M
Housing Starts (MoM)Bearish change1.515M1.366M
NY Empire State Manufacturing IndexBullish change-12.65.7

About Interest Rate Projections - 2nd year

Country:United States
Currency:USD
Source:Federal Reserve
Category:Central Banks
Frequency:Irregular

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