Notes on the September Bloomberg Economists Survey
09/15/2020
Once a month, Bloomberg surveys more than 70 of the nation’s economists on their economic and interest rate outlook. The most recent survey was conducted Sept. 4-10, 2020.
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The Bloomberg median GDP forecast for Q3 2020 is +24.8% (annualized), an increase from +20% in the August survey.
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The survey indicates an 8.0% unemployment rate in Q4. This is down from the August survey, and slightly below the current headline unemployment rate of 8.4%.
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Economists seem to believe overall CPI will return to the Fed’s +2.0% target by summer, while core PCE will remain below.
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None of the economists surveyed expect the Fed to cut the overnight rate below zero.
