- The dot plot for September 2022 shows the median rate at the end of 2022 at 4.4%, up from 3.4% in June 2022.
- For 2023, the median Fed fund target rate is 4.6% vs. 3.8% in June 2022.
- For 2024, the median Fed funds target rate is now 3.9% vs 3.4% in June 2022
- The initial 2025 median rate is expected at 2.9%.
The dot plot for September 2022:
Dot plot for September 2022
The dot plot from June 2022:
Dot plot from June 2022
The table of central tendencies from September 2022 now shows:
Central Tendencies for September 2022
A summary of the central tendencies now forecasts:
- PCE inflation for 2022 rises to 5.3% – 5.7% from 5.0% – 5.3%
- PCE inflation for 2023 raise to 2.6% – 3.5% from 2.4% – 3.0% in June
- PCE inflation for 2024 modestly higher to 2.1% – 2.6% from 2.0% – 2.5% June.
- PCE inflation for 2025 basically at the Fed target rate of 2.0% – 2.2%