FOMC Forecast revisions, to be released Wednesday September 22 with the FOMC statement, will likely show a sharp cut for 2021 GDP growth, huge 2021 boosts in the PCE chain price estimates, and a slight lift in jobless rate estimates. For GDP, analysts expect trimmings of -0.6% for the Fed's 6.8%-7.3% central tendency, versus our current 6.1% forecast. Analysts expect 0.8% increases for the headline PCE chain price forecasts and 0.4% for the core estimates from respective June central tendencies of 3.1%-3.5% and 2.9%-3.1%, versus our own projections of 4.4% and 3.6%. Analysts expect slight upward revisions to the jobless rate of 0.1% in the June 4.4%-4.8% central tendency, versus our own 4.7% estimate. Analysts expect the Fed to mostly repeat their funds rate estimates (the dot plot), though with some up-drift, and a hike in the 2023 median to 0.6% from 0.4%. Estimates will be introduced for 2024, and analysts expect these figures to largely mimic the current 2023 growth and inflation estimates, with a 1.4% median funds rate estimate. page for a table of assumptions for the Fed's revised forecasts.