FOMC March SEP On GDP
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2024 q4/q4 growth at 2.1% matches FT-IGM survey discussed in previous post.
Figure 1: GDP (bold black), CBO projection (blue), Survey of Professional Forecasters (red), FT-Booth median forecast (brown inverted triangle), FOMC Summary of Economic Projections March 20 (open light green square), GDPNow of 3/19 (light blue square), all in bn.Ch.2017$. Source: BEA 2024Q4 2nd release, CBO Budget and Economic Outlook (February), Philadelphia Fed SPF, Booth School, Federal Reserve Board, Atlanta Fed (3/19), and author’s calculations.
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