US Fed cuts 2016 GDP forecast to 2.2% vs 2.4% prior. Dots point to 2 more hikes in 2016

US Fed economic forecasts from the February 2016 FOMC meeting

• 2017 GDP 2.1% vs 2.2% prior
• 2018 2.0% unch

Unemployment

• 2016 4.7% unch
• 2017 4.7% v s4.7% prior
• 2018 4.5% vs 4.7% prior

Core CPI

• 2016 1.6% unch
• 2017 1.8% vs 1.9% prior
• 2018 2.0% unch

Here's the full forecast and dot plots Dec vs Mar

March 2016

Dec 2015

March 2016

Dec 2015