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Excerpt:
The Fed’s Summary of Economic projections is far more interesting. I highlighted the median economic forecast in pink. Each dot represents the position of someone at the meeting.
Looking ahead to 2025, the Fed is clueless.
Actually, that’s not a bad thing. Someone on the committee is likely to be correct.
Moreover, the results look like one of my favorite sayings: I don’t know and no one else does either, especially the Fed.
Author(s): Mike Shedlock
Publication Date: 14 Jun 2023
Publication Site: Mish Talk