EconExtra: Digging into the FOMC Data—What is the SEP? - Blog
The Summary of Economic Projections, or SEP, represents all of the FOMC participants’ projections for four key economic indicators as well as the Federal Funds Rate. Examining the SEP opens a window into what the participants are thinking as well as how that thinking changes over time. It is also a way to use current events for a statistics lesson. EconExtra is a series of posts that go beyond the textbook, relating current events and recent developments in economics to content standards, and providing resource suggestions to help you incorporate the current events into your lessons The Headline Among the headlines this week following the Federal Open Market Committee meeting, press release, and press conference with Chair Powell, one key point was how much the projection for where the Federal Funds rate will end up this year (and next) increased since the last SEP in June.