TD Economics Key Financial Forecasts
  Current Rate 2022 2023 2024
  9/29/22 Q1 Q2 Q3F Q4F Q1F Q2F Q3F Q4F Q1F Q2F Q3F Q4F
Fed Funds Target Rate 3.25 0.25 0.25 0.50 1.75 3.25 4.25 4.50 4.50 4.50 3.50 2.75 2.25
2-yr Govt. Bond Yield 4.20 0.28 0.73 2.28 2.92 4.25 4.35 4.00 3.30 2.70 2.45 2.35 2.25
10-yr Govt. Bond Yield 3.75 1.52 1.52 2.32 2.98 3.80 3.90 3.65 3.25 3.10 2.95 2.85 2.80
30-yr Govt. Bond Yield 3.70 2.08 1.90 2.44 3.14 3.65 3.75 3.65 3.55 3.40 3.25 3.15 3.10
Forecast by TD Economics as of September 2022; all forecasts are end-of-period. Source: Bloomberg, Federal Reserve Board, TD Economics.