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       #Post#: 267--------------------------------------------------
       FOMC Forecasts
       By: fxvictory Date: December 10, 2014, 9:36 pm
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       Definition
       The Fed now releases economic projections four times a year
       (March, June, September, and December). Traditionally, the Fed
       forecasts covered GDP, the PCE price index, and the civilian
       unemployment rate. However, the forecast report additionally now
       includes forecasts for the appropriate timing of the next change
       in the fed funds rate and the expected fed funds rate at the end
       of the next two years. As of March 20, 2013, the forecasts are
       released at the same time as the FOMC statement which is 2:00
       p.m. ET and 30 minutes prior to the Fed chairman's press
       conference which addresses the forecasts and Fed policy in
       general. The forecasts are a composite of individual forecasts
       by each Fed governor and each District president and cover two
       to three years out on an annual basis. The GDP, inflation, and
       unemployment numbers are published as a "central tendency" and
       also as a range. The central tendency is an average of the
       forecasts after the highest and lowest forecasts are removed.
       The range shows the highest and lowest forecasts for these
       indicators.
       Frequency
       Quarterly
       Source
       Federal Reserve Board of Governors
       Availability
       Forecasts are released at about 2:00 p.m. ET on days of the
       release of FOMC policy statements during the months of March,
       June, September, and December.
       Revisions
       No
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