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
Apr-183756.04
May-183823
Jun-183803
Jul-183768
Aug-183719
Sep-183659
Oct-183595

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.