Fed Releases Economic Projections From September 15-16 FOMC Meeting

The release itself is routine, but the timing is what carries weight: these projections land against a policy backdrop the Fed has been actively recalibrating, so the rate path embedded in them is the part of the document with real market consequence. What matters is whether the projected trajectory sits comfortably with the growth and inflation assumptions printed alongside it — internal consistency, or the lack of it, is the signal. The open question is how much weight the market assigns to the dots versus the statement, and whether that read shifts as the next meeting approaches.