SEP Update - Annual Subscription (PDF report & CSV)

SEP Update - Annual Subscription (PDF report & CSV)

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Every other FOMC meeting, the 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.


  • Prepared by experts in monetary policy analysis

  • Provides up to 10 years projection (*Only csv file. PDF report provides up to 6 years)
  • Content that meets the needs of market participants

  • For details, please click here.

<Payment Method / Deliverables / Number of deliveries>

  • Payment Method
  • Deliverables
    • PDF report
    • csv file 
  • Number of deliveries
    • 4 times a year (The latest version at the time of purchase and up to three previous editions, plus a quarterly)
    • Note that since we released the product in September 2022, you will not be able to retrieve the last 3 editions until September 2023 or later.


  • We also offer consulting services on this product and related areas.
  • We can also customize our analysis:
    • Projections of interest rates for various maturities
    • Projections based on alternative modeling assumptions, such as alternative monetary policy rules and alternative long-run assumptions, etc.
    • Analysis related to risks and uncertainty.

< For more information, please contact us.>

UTokyo Economic Consulting Inc.