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General TradingS
Summary of Economic Projections (SEP)
A quarterly report published by the Federal Reserve alongside FOMC meeting minutes, containing individual members' forecasts for GDP growth, unemployment, inflation, and the federal funds rate. It includes the closely watched dot plot.
Example
“The September SEP showed that a majority of Fed officials projected one more rate hike before year-end, causing Treasury yields to spike and equities to sell off sharply.”