FOMC December 2024 dot plot and central tendencies of economic forecasts

Here is the dot plot from September 2024 meeting:

Here is the NEW dot plot from the December 2024 meeting:

Below is the table of economic forecasts for GDP, Unemployment, PCE inflation and Core PCE inflation from the December 2024 meeting.

What changes for 2025:

Summary of the economic projections for EOY 2025:

• GDP higher 0.1% : 2.1% vs 2.0% in September
• Unemployment rate down -0.1% : 4.3% vs 4.4% in September
• PCE inflation higher by 0.4%: . 2.5% vs 2.1% in September
• Core PCE inflation higher by 0.3% : 2.5% vs 2.2% in September

Reaction:

• 34 baiss points of cuts now in the Fed Funds projections vs 48 basis point cuts before the decision
• Dow 43551 to 43405 currently
• S&P 6058 to 6027 currently
• Nasdaq 20146 tgo 20004

This article was written by Greg Michalowski at www.forexlive.com.