{"id":4567,"date":"2023-06-16T10:43:51","date_gmt":"2023-06-16T01:43:51","guid":{"rendered":"https:\/\/utecon.net\/sep-update-released-june-2023-edition\/"},"modified":"2023-06-16T10:43:51","modified_gmt":"2023-06-16T01:43:51","slug":"sep-update-released-june-2023-edition","status":"publish","type":"post","link":"https:\/\/utecon.net\/en\/sep-update-released-june-2023-edition\/","title":{"rendered":"SEP Update Released June 2023 Edition."},"content":{"rendered":"<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-581\" src=\"https:\/\/utecon.net\/wp-content\/uploads\/sites\/2\/2023\/06\/OGP_en-1.png\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" srcset=\"https:\/\/utecon.net\/wp-content\/uploads\/sites\/2\/2023\/06\/OGP_en-1.png 1280w, https:\/\/utecon.net\/wp-content\/uploads\/sites\/2\/2023\/06\/OGP_en-1-1000x563.png 1000w, https:\/\/utecon.net\/wp-content\/uploads\/sites\/2\/2023\/06\/OGP_en-1-800x450.png 800w, https:\/\/utecon.net\/wp-content\/uploads\/sites\/2\/2023\/06\/OGP_en-1-768x432.png 768w\" alt=\"\" width=\"640\" height=\"360\" \/><\/figure>\n<h2 class=\"wp-block-heading\">SEP UPDATE RELEASED June 2023 EDITION!<\/h2>\n<p>Every other Federal Open Market Committee (FOMC) meeting, the Federal Reserve System (Fed) publishes the \u201cSummary of Economic Projections (SEP),\u201d illustrating the FOMC members\u2019 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.<\/p>\n<p>The SEP contains projections of five variables\u2014GDP growth, unemployment, inflation, core inflation, and the FF rate\u2014in 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.<\/p>\n<p>Our \u201cSEP Update\u201d 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.<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Advantages of SEP Update<\/strong><\/li>\n<\/ul>\n<p><strong>Prepared by experts in monetary policy analysis<\/strong><br \/>\nWritten by experts with leading international knowledge in economic forecasting.<\/p>\n<p><strong>Meets the needs of market participants<br \/>\n<\/strong>\u00a0The SEP contains projections of five variables\u2014GDP growth, unemployment, inflation, core inflation, and the FF rate\u2014in annual frequency over the next three years and their long-run values.<br \/>\n\u201cSEP Update\u201d provides projections of other macroeconomic and financial variables and also quarterly fluctuations and longer term forecasts than SEP in these variables.<\/p>\n<p><strong>Provides scenario-based analysis<\/strong><br \/>\nIn addition to a forecast based on the Fed\u2019s projections, we provide analysis along with scenarios of interest to market participants.<br \/>\nThe June 2023 edition provides \u00a0projections of SEP forecast variables and medium- and long-term interest rates under the following two scenarios.<br \/>\n(1)\u3000If the central bank optimally sets policy rates so as to minimize deviations from inflation and unemployment targets and the volatility of the policy rate<br \/>\n(2)\u3000If the paths of inflation rates are consistent with the upper bound of the SEP<\/p>\n<p class=\"has-text-align-center\"><a title=\"\" href=\"https:\/\/utecon.net\/en\/dataproduct\/sepupdate\/\"><strong>Product Page<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEP UPDATE RELEASED June 2023 EDITION! Every other Federal Open Market Committee (FOMC) meeting, the Federal Reserve System (Fed) publishes the \u201cSummary of Economic Projections (SEP),\u201d illustrating the FOMC members\u2019 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\u2014GDP growth, unemployment, inflation, core inflation, and the FF rate\u2014in 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\u2026\u2026<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4567","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"aioseo_notices":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/utecon.net\/en\/wp-json\/wp\/v2\/posts\/4567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/utecon.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/utecon.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/utecon.net\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/utecon.net\/en\/wp-json\/wp\/v2\/comments?post=4567"}],"version-history":[{"count":0,"href":"https:\/\/utecon.net\/en\/wp-json\/wp\/v2\/posts\/4567\/revisions"}],"wp:attachment":[{"href":"https:\/\/utecon.net\/en\/wp-json\/wp\/v2\/media?parent=4567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/utecon.net\/en\/wp-json\/wp\/v2\/categories?post=4567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/utecon.net\/en\/wp-json\/wp\/v2\/tags?post=4567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}