Full text of Federal Open Market Committee Meeting Minutes, Transcripts, and Other Documents : Meeting, June 14-15, 2016 : Memo: Tealbook Forecast Update

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Authorized for public release by the FOMC Secretariat on 1/14/2022

BOARD

OF

GOVERNORS
DIVISION

OF

OF THE

FEDERAL RESERVE SYSTEM

RESEARCH

Date:

June 9, 2016

To:

Federal Open Market Committee

From:

William Wascher

AND

STATISTICS

Subject: Tealbook forecast update

The data that we have received since the June Tealbook forecast was closed—
which includes the Quarterly Services Survey (QSS) for the first quarter and April
wholesale trade inventories—point to no material change to the projection presented in
the Tealbook.

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