RPT-TABLE-Federal Reserve economic forecasts

(Repeats to additional subcribers)

Nov 24 (Reuters) - Following are Federal Reserve U.S. economic forecasts for
2009-2012 issued on Tuesday in conjunction with the release of minutes from the Nov. 3-4
meeting of the Federal Open Market Committee.

(All figures Q4 over Q4, except jobless rate, which is Q4 average, and all figures in
percent)
SUMMARY TABLE OF 'CENTRAL TENDENCY' FORECASTS

Longer

2009 2010 2011 2012 run
Real GDP -0.4 to -0.1 2.5 to 3.5 3.4 to 4.5 3.5 to 4.8 2.5 to 2.8
Unemployment 9.9 to 10.1 9.3 to 9.7 8.2 to 8.6 6.8 to 7.5 5.0 to 5.2
PCE price index 1.1 to 1.2 1.3 to 1.6 1.0 to 1.9 1.2 to 1.9 1.7 to 2.0
Core PCE index 1.4 to 1.5 1.0 to 1.5 1.0 to 1.6 1.0 to 1.7 N/A
CENTRAL TENDENCY FORECASTS COMPARED WITH JUNE FORECASTS

Longer

2009 2010 2011 2012 run
Real GDP
November -0.4 to -0.1 2.5 to 3.5 3.4 to 4.5 3.5 to 4.8 2.5 to 2.8
June -1.5 to -1.0 2.1 to 3.3 3.8 to 4.6 N/A 2.5 to 2.7
Unemployment
November 9.9 to 10.1 9.3 to 9.7 8.2 to 8.6 6.8 to 7.5 5.0 to 5.2
June 9.8 to 10.1 9.5 to 9.8 8.4 to 8.8 N/A 4.8 to 5.0
PCE Price Index
November 1.1 to 1.2 1.3 to 1.6 1.0 to 1.9 1.2 to 1.9 1.7 to 2.0
June 1.0 to 1.4 1.2 to 1.8 1.1 to 2.0 N/A 1.7 to 2.0
Core PCE index
November 1.4 to 1.5 1.0 to 1.5 1.0 to 1.6 1.0 to 1.7 N/A
June 1.3 to 1.6 1.0 to 1.5 0.9 to 1.7 N/A N/A

RANGE OF FOMC PARTICIPANTS' PROJECTIONS FROM JUNE

Longer

2009 2010 2011 2012 run
Real GDP
November -0.5 to 0.0 2.0 to 4.0 2.5 to 4.6 2.8 to 5.0 2.4 to 3.0
June -1.6 to -0.6 0.8 to 4.0 2.3 to 5.0 N/A 2.4 to 2.8
Unemployment
November 9.8 to 10.3 8.6 to 10.2 7.2 to 8.7 6.1 to 7.6 4.8 to 6.3
June 9.7 to 10.5 8.5 to 10.6 6.8 to 9.2 N/A 4.5 to 6.0
PCE price index
November 1.0 to 1.7 1.1 to 2.0 0.6 to 2.4 0.2 to 2.3 1.5 to 2.0
June 1.0 to 1.8 0.9 to 2.0 0.5 to 2.5 N/A 1.5 to 2.1
Core PCE index
November 1.3 to 1.6 0.9 to 2.0 0.5 to 2.4 0.2 to 2.3 N/A
June 1.2 to 2.0 0.5 to 2.0 0.2 to 2.5 N/A N/A

Notes:

N/A-not available

The Fed issued its minutes one day in advance due to the federal Thanksgiving Day
holiday on Nov. 26.

June forecasts are from the Federal Open Market Committee minutes of its June 23-24,
2009 meeting, released on July 15.

The U.S. central bank has said the longer-run projections for growth and unemployment
may be interpreted as estimates of rates that appear sustainable in the long run.

The long-run inflation projection may be interpreted as the rate Fed officials see as
consistent with their dual objectives of maximum sustainable employment and price
stability.

((Washington newsroom, 202 898 8310))