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Comparison of June Board Staff Economic Projections and Inadvertently Released Projections Output and Prices (q4-over-q4 growth unless otherwise noted) GDP, Board Staff Released PCE cw prices, Board Staff Released Excluding food and energy, Board Staff Released Long-run infl’n expt’ns (q4), Board Staff Released Potential GDP, Board Staff Released 2015 1.55 2.31 .61 1.15 1.31 1.33 1.80 1.80 1.61 1.61 2016 2.41 2.38 1.59 1.54 1.56 1.52 1.80 1.80 1.72 1.72 2017 2.23 2.17 1.77 1.76 1.77 1.78 1.80 1.80 1.72 1.72 2018 1.91 1.76 1.92 1.89 1.94 1.90 1.83 1.83 1.82 1.81 2019 1.72 1.75 1.96 1.92 1.96 1.92 1.86 1.86 1.81 1.78 2020 1.73 1.74 1.97 1.94 1.97 1.94 1.88 1.88 1.79 1.83 Interest Rates and Other Factors (q4 level, unless otherwise noted) Nominal federal funds rate, Board Staff Released 10-year Treasury bond rate, Board Staff Released Real federal funds rate, Board Staff Released Unemployment rate, Board Staff Released Effective natural rate, Board Staff Released GDP Output Gap, Board Staff Released* 2015 .35 2016 1.26 2017 2.12 2018 2.80 2019 3.17 2020 3.34 .35 2.63 1.26 3.14 2.12 3.62 2.80 3.94 3.17 4.11 3.34 4.20 2.63 -.95 3.14 -.28 3.62 .36 3.94 .88 4.11 1.23 4.20 1.40 -.95 5.34 -.28 5.24 .36 5.18 .88 5.15 1.23 5.15 1.40 5.16 5.34 5.20 5.24 5.20 5.18 5.20 5.15 5.20 5.15 5.20 5.16 5.20 5.20 -1.04 5.20 -.36 5.20 .15 5.20 .24 5.20 .15 5.20 .09 -1.04 -.36 .15 .24 .15 .09 *This line was included in the released computer code, but was inadvertently omitted from the compiled table.
@FedFRASER