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Accessible Version
Table data for charts presented with Summary of Economic Projections given within the FOMC Minutes on October 28-29, 2008.
FOMC Minutes | Summary of Economic Projections |
Figure 1. Central tendencies and ranges of economic projections, 2008-11
Central tendencies and ranges of economic projections for years 2008 through 2011. Actual values for years 2003 through 2007. The data for the actual values of the variables are annual. Definitions of variables are in the notes to table 1.
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
---|---|---|---|---|---|---|---|---|---|
Actual | 3.7 | 3.1 | 2.7 | 2.4 | 2.3 | - | - | - | - |
Upper End of Range | - | - | - | - | - | 0.5 | 1.8 | 4.5 | 5.0 |
Upper End of Central Tendency | - | - | - | - | - | 0.3 | 1.1 | 3.2 | 3.6 |
Lower End of Central Tendency | - | - | - | - | - | 0.0 | -0.2 | 2.3 | 2.8 |
Lower End of Range | - | - | - | - | - | -0.3 | -1.0 | 1.5 | 2.0 |
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
---|---|---|---|---|---|---|---|---|---|
Actual | 5.8 | 5.4 | 4.9 | 4.4 | 4.8 | - | - | - | - |
Upper End of Range | - | - | - | - | - | 6.6 | 8.0 | 8.0 | 7.3 |
Upper End of Central Tendency | - | - | - | - | - | 6.5 | 7.6 | 7.3 | 6.6 |
Lower End of Central Tendency | - | - | - | - | - | 6.3 | 7.1 | 6.5 | 5.5 |
Lower End of Range | - | - | - | - | - | 6.3 | 6.6 | 5.5 | 4.9 |
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
---|---|---|---|---|---|---|---|---|---|
Actual | 1.9 | 3.1 | 3.3 | 1.9 | 3.5 | - | - | - | - |
Upper End of Range | - | - | - | - | - | 3.6 | 2.2 | 1.9 | 1.8 |
Upper End of Central Tendency | - | - | - | - | - | 3.1 | 2.0 | 1.8 | 1.7 |
Lower End of Central Tendency | - | - | - | - | - | 2.8 | 1.3 | 1.4 | 1.4 |
Lower End of Range | - | - | - | - | - | 2.7 | 1.0 | 1.1 | 0.8 |
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
---|---|---|---|---|---|---|---|---|---|
Actual | 1.4 | 2.2 | 2.2 | 2.3 | 2.2 | - | - | - | - |
Upper End of Range | - | - | - | - | - | 2.5 | 2.1 | 1.9 | 1.8 |
Upper End of Central Tendency | - | - | - | - | - | 2.5 | 2.0 | 1.8 | 1.7 |
Lower End of Central Tendency | - | - | - | - | - | 2.3 | 1.5 | 1.3 | 1.3 |
Lower End of Range | - | - | - | - | - | 2.1 | 1.3 | 1.1 | 0.8 |
Figure 2.A. Distribution of participants' projections for the change in real GDP, 2008-11
Histograms, four panels. Definitions of variables are in the general note to table 1.
Percent range | 2008 | 2009 | 2010 | 2011 | |||
---|---|---|---|---|---|---|---|
October projections |
June projections |
October projections |
June projections |
October projections |
June projections |
October projections | |
-1.0 - -0.9 | 0 | 0 | 2 | 0 | 0 | 0 | 0 |
-0.8 - -0.7 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
-0.6 - -0.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
-0.4 - -0.3 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
-0.2 - -0.1 | 0 | 0 | 2 | 0 | 0 | 0 | 0 |
0.0 - 0.1 | 7 | 0 | 2 | 0 | 0 | 0 | 0 |
0.2 - 0.3 | 7 | 0 | 1 | 0 | 0 | 0 | 0 |
0.4 - 0.5 | 2 | 0 | 2 | 0 | 0 | 0 | 0 |
0.6 - 0.7 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
0.8 - 0.9 | 0 | 2 | 0 | 0 | 0 | 0 | 0 |
1.0 - 1.1 | 0 | 3 | 3 | 0 | 0 | 0 | 0 |
1.2 - 1.3 | 0 | 4 | 0 | 0 | 0 | 0 | 0 |
1.4 - 1.5 | 0 | 4 | 1 | 0 | 2 | 0 | 0 |
1.6 - 1.7 | 0 | 3 | 0 | 0 | 0 | 0 | 0 |
1.8 - 1.9 | 0 | 1 | 2 | 1 | 1 | 0 | 0 |
2.0 - 2.1 | 0 | 0 | 0 | 4 | 0 | 1 | 1 |
2.2 - 2.3 | 0 | 0 | 0 | 3 | 1 | 0 | 0 |
2.4 - 2.5 | 0 | 0 | 0 | 2 | 4 | 3 | 1 |
2.6 - 2.7 | 0 | 0 | 0 | 3 | 1 | 4 | 1 |
2.8 - 2.9 | 0 | 0 | 0 | 2 | 0 | 4 | 2 |
3.0 - 3.1 | 0 | 0 | 0 | 2 | 4 | 3 | 2 |
3.2 - 3.3 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
3.4 - 3.5 | 0 | 0 | 0 | 0 | 1 | 1 | 4 |
3.6 - 3.7 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
3.8 - 3.9 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
4.0 - 4.1 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
4.2 - 4.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
4.4 - 4.5 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
4.6 - 4.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
4.8 - 4.9 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
5.0 - 5.1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
Figure 2.B. Distribution of participants' projections for the unemployment rate, 2008-11
Histograms, four panels. Definitions of variables are in the general note to table 1.
Percent range | 2008 | 2009 | 2010 | 2011 | |||
---|---|---|---|---|---|---|---|
October projections |
June projections |
October projections |
June projections |
October projections |
June projections |
October projections | |
4.8 - 4.9 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
5.0 - 5.1 | 0 | 0 | 0 | 0 | 0 | 7 | 2 |
5.2 - 5.3 | 0 | 0 | 0 | 4 | 0 | 1 | 0 |
5.4 - 5.5 | 0 | 6 | 0 | 4 | 1 | 4 | 1 |
5.6 - 5.7 | 0 | 9 | 0 | 5 | 0 | 4 | 0 |
5.8 - 5.9 | 0 | 2 | 0 | 3 | 1 | 1 | 1 |
6.0 - 6.1 | 0 | 0 | 0 | 1 | 0 | 0 | 3 |
6.2 - 6.3 | 5 | 0 | 0 | 0 | 0 | 0 | 2 |
6.4 - 6.5 | 11 | 0 | 0 | 0 | 3 | 0 | 2 |
6.6 - 6.7 | 1 | 0 | 1 | 0 | 1 | 0 | 3 |
6.8 - 6.9 | 0 | 0 | 0 | 0 | 4 | 0 | 0 |
7.0 - 7.1 | 0 | 0 | 3 | 0 | 2 | 0 | 1 |
7.2 - 7.3 | 0 | 0 | 4 | 0 | 2 | 0 | 1 |
7.4 - 7.5 | 0 | 0 | 5 | 0 | 1 | 0 | 0 |
7.6 - 7.7 | 0 | 0 | 2 | 0 | 0 | 0 | 0 |
7.8 - 7.9 | 0 | 0 | 1 | 0 | 1 | 0 | 0 |
8.0 - 8.1 | 0 | 0 | 1 | 0 | 1 | 0 | 0 |
Figure 2.C. Distribution of participants' projections for PCE inflation, 2008-11
Histograms, four panels. Definitions of variables are in the general note to table 1.
Percent range | 2008 | 2009 | 2010 | 2011 | |||
---|---|---|---|---|---|---|---|
October projections |
June projections |
October projections |
June projections |
October projections |
June projections |
October projections | |
0.7 - 0.8 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
0.9 - 1.0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
1.1 - 1.2 | 0 | 0 | 2 | 0 | 1 | 0 | 1 |
1.3 - 1.4 | 0 | 0 | 3 | 0 | 3 | 0 | 3 |
1.5 - 1.6 | 0 | 0 | 2 | 0 | 6 | 1 | 7 |
1.7 - 1.8 | 0 | 0 | 5 | 1 | 5 | 5 | 5 |
1.9 - 2.0 | 0 | 0 | 1 | 5 | 2 | 10 | 0 |
2.1 - 2.2 | 0 | 0 | 3 | 6 | 0 | 1 | 0 |
2.3 - 2.4 | 0 | 0 | 0 | 2 | 0 | 0 | 0 |
2.5 - 2.6 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
2.7 - 2.8 | 8 | 0 | 0 | 1 | 0 | 0 | 0 |
2.9 - 3.0 | 4 | 0 | 0 | 1 | 0 | 0 | 0 |
3.1 - 3.2 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
3.3 - 3.4 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
3.5 - 3.6 | 2 | 2 | 0 | 0 | 0 | 0 | 0 |
3.7 - 3.8 | 0 | 2 | 0 | 0 | 0 | 0 | 0 |
3.9 - 4.0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 |
4.1 - 4.2 | 0 | 7 | 0 | 0 | 0 | 0 | 0 |
4.3 - 4.4 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
4.5 - 4.6 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
Figure 2.D. Distribution of participants' projections for core PCE inflation, 2008-11
Histograms, four panels. Definitions of variables are in the general note to table 1.
Percent range | 2008 | 2009 | 2010 | 2011 | |||
---|---|---|---|---|---|---|---|
October projections |
June projections |
October projections |
June projections |
October projections |
June projections |
October projections | |
0.7 - 0.8 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
0.9 - 1.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1.1 - 1.2 | 0 | 0 | 0 | 0 | 1 | 0 | 2 |
1.3 - 1.4 | 0 | 0 | 2 | 0 | 5 | 0 | 3 |
1.5 - 1.6 | 0 | 0 | 4 | 0 | 6 | 2 | 7 |
1.7 - 1.8 | 0 | 0 | 4 | 1 | 4 | 6 | 4 |
1.9 - 2.0 | 0 | 1 | 6 | 6 | 1 | 9 | 0 |
2.1 - 2.2 | 2 | 5 | 1 | 8 | 0 | 0 | 0 |
2.3 - 2.4 | 9 | 9 | 0 | 2 | 0 | 0 | 0 |
2.5 - 2.6 | 6 | 2 | 0 | 0 | 0 | 0 | 0 |
Last update:
November 19, 2008