Fed Dot Plot Offers Clues on Appropriate Pace of Change

Median assessment of appropriate pace of policy:  

• 2021 0.125% (range 0.125% to 0.125%); prior 0.125% 

• 2022 0.125% (range 0.125% to 0.625%); prior 0.125%

• 2023 0.625% (range 0.125% to 1.625%); prior 0.125%

•  Longer Run 2.5% (range 2.000% to 3.000%); prior 2.5%