Current Forecast of US Monetary Base

Units: Billion USD, Average of Month.  Seasonally Adjusted.

Solid Line = Actual Values.  Dashed Line = Predicted Values.



Forecast Values for US Monetary Base

DateForecast
Jan-183824.7
Feb-183809
Mar-183789
Apr-183766
May-183740
Jun-183706
Jul-183663

How This Forecast is Produced

The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.

The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components.  The decomposed components of the time series are then projected forward in time.