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The Dot Plot thickens! Other than another FOMC meeting, it's a slow week ahead for economic indicators. The committee's statement is widely expected to pass on another rate hike, but suggest that there could be another one at the November meeting. All eyes will be on the Summary of Economic Projections (SEP), which is updated quarterly and includes the "Dot Plot," which shows the range of the committee's forecasts of the federal funds rate (FFR).
The table below is from June's SEP. It shows the median estimates for real GDP, unemployment, headline and core PCED inflation, and the FFR. Here are a few observations to keep in mind when the latest SEP is released on Wednesday:
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