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Fed GDP Projections

Summary:
“It is not surprising the Fed once again failed to take action as their expectations for economic growth were once again lowered. In fact, as I have noted previously, the Federal Reserve are the worst economic forecasters on the planet. As shown in the table/chart below, not only are the expectations for economic growth now the lowest on record, the Fed has given up on 2% growth for the economy with the long-run economic projections now at just 1.9%.” GDP - Estimates vs. Actual 2011-2017FOMC Economic Projections, GDP - Estimates vs. Actual 2011-2017 - Click to enlarge

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“It is not surprising the Fed once again failed to take action as their expectations for economic growth were once again lowered. In fact, as I have noted previously, the Federal Reserve are the worst economic forecasters on the planet.

As shown in the table/chart below, not only are the expectations for economic growth now the lowest on record, the Fed has given up on 2% growth for the economy with the long-run economic projections now at just 1.9%.”

GDP - Estimates vs. Actual 2011-2017

Fed GDP Projections

FOMC Economic Projections, GDP - Estimates vs. Actual 2011-2017 - Click to enlarge

Lance Roberts
Chief Strategist/Economist for Clarity Financial, Editor http://www.realinvestmentadvice.com , Talk Show host Lance Roberts Show @ksev700, Analysis without the spin.

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