What Has Changed in the New Fed Statement
Here is a detailed comparison of the Fed's current and previous statements:
Fed's New Economic Projections
The new Fed projections indicate a forecast of 2.0% economic growth for the year, with the unemployment rate expected to be 4.4% in the fourth quarter of the year.
The median policy rate projection (dot plot) for 2024 moved lower by 69 bp compared to the projections made in the June meeting.