SEP Update Released September 2022 Edition.

SEP Update Released September 2022 Edition!

Every other Federal Open Market Committee (FOMC) meeting, the Federal Reserve System (Fed) publishes the “Summary of Economic Projections (SEP),” illustrating the FOMC members’ forecasts of key macroeconomic variables over the next three years. The SEP is an important piece of information on the future direction of U.S. monetary policy and attracts a great deal of attention from market participants.

The SEP contains projections of five variables—GDP growth, unemployment, inflation, core inflation, and the FF rate—in annual frequency over the next three years and their long-run values. However, some market participants might be interested in projections of other macroeconomic and financial variables and quarterly fluctuations in these variables.

Our “SEP Update” provides projections consistent with the SEP of a variety of macroeconomic and financial variables, using a publicly available version of the FRB/US model, a macroeconomic model used frequently by the FRB in policy analysis.

Advantages of SEP Update

  1. Prepared by experts in monetary policy analysis
    Written by experts with leading international knowledge in economic forecasting.
  1. Meets the needs of market participants
     The SEP contains projections of five variables—GDP growth, unemployment, inflation, core inflation, and the FF rate—in annual frequency over the next three years and their long-run values.
    “SEP Update” provides projections of other macroeconomic and financial variables and also quarterly fluctuations and longer term forecasts than SEP in these variables.