Federal Funds Rate Paths from the PD Survey  Percent September 2016 December 2015 December 2014  4  3  2  1  0 2014  2015  2016  2017  2018  2019  2020  Note: Based on the median of the modal forecasts from the primary dealer (PD) surveys conducted before the December 2014, December 2015, and September 2016 meetings of the Federal Open Market Committee.
Source: Federal Reserve Bank of New York. Figure 4. Longer−Run GDP Growth Projections from the SEP Percent  3.0  2.5  2.0  1.5  Jan. 2012  Sept. 2013  Sept. 2014  Sept. 2015  Sept. 2016  Note: The whisker bars show the central tendency, and the line shows the midpoint of the central tendency. GDP is gross domestic product.