The Fed’s Forecasts

Next week, the Federal Reserve holds its fourth FOMC meeting of the year.  After the meeting, they will release a statement, very likely communicating no change in policy.  Fed Chair, Jerome Powell will likely emphasize the same message in his post-meeting press conference.  However, for investors, the most important information will be delivered in numbers rather than words, as the Fed discloses the median forecasts of FOMC members in their June Summary of Economic Projections.