Forex glossary

Summary of Economic Projections (SEP) in Forex

A clear definition of Summary of Economic Projections (SEP), with practical context for reading markets and making better trading decisions.

Level 2 · From Prices to PracticeFundamental analysis

Definition

The Summary of Economic Projections (SEP) is a Federal Reserve publication that presents FOMC participants' projections for economic growth, unemployment, inflation, and the appropriate policy-rate path. The well-known Fed dot plot is part of the SEP.

How It Works

This term can appear around accounts, brokers, market structure, or financial commentary. Its exact implementation can vary by jurisdiction, venue, or provider, so the label should be read together with the surrounding documentation.

Why It Matters

Level 2 is about becoming market-literate before a first demo trade. Recognizing the term helps you understand what a platform, broker document, or market report is actually describing.

Key Takeaway

The Summary of Economic Projections (SEP) is a Federal Reserve publication that presents FOMC participants' projections for economic growth, unemployment, inflation, and the appropriate policy-rate path.

Practical forex example

After an FOMC meeting, markets compare the new SEP with the previous one to see whether policymakers' median projections for inflation or interest rates have shifted.

Why Summary of Economic Projections (SEP) matters

Understanding Summary of Economic Projections (SEP) helps traders interpret market information, plan decisions, and manage risk with more context.

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