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Fed Lowers 2024 Core PCE Inflation Forecast to 2.6%

Article is form Jinse
September 18, 2024
This article is translated by ChatGPT Show original
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The Federal Reserve expects core PCE inflation to be 2.6% in 2024, with a June projection of 2.8%. For 2025, they project core PCE inflation at 2.2%, with a June estimate of 2.3%. In 2026, core PCE inflation is expected to be 2.0%, with a June projection of 2.0%. Finally, they project 2.0% core PCE inflation for 2027.

The Fed expects overall PCE inflation to be 2.3% in 2024, with a June estimate of 2.6%. For 2025, they project PCE inflation at 2.1%, with a June estimate of 2.3%. In 2026, PCE inflation is expected to be 2.0%, with a June projection of 2.0%. Finally, they project 2.0% PCE inflation for 2027.

The Fed also projects PCE inflation to be 2.0% in the longer term, with a June projection of 2.0%.

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