Economics, Econometrics and Finance
4 years ago

FOMC forecasts shape inflation expectations and guide future Fed rate movements

RePEc: Research Papers in Economics
The influence and policy signaling role of FOMC forecasts
Paul Hubert

Paper Summary

The FOMC has been publishing inflation forecasts since 1979. These forecasts influence private inflation expectations and provide information about future Fed rate movements. FOMC forecasts help shape inflation expectations, especially when traditional policy tools are limited.

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