Federal Reserve Projects 2026 Core PCE Inflation at 3.3%, Up from March Forecast of 2.7%

The Federal Reserve released its latest Summary of Economic Projections (SEP) forecasting U.S. core PCE inflation at 3.3% for 2026, up from the 2.7% projection made in March. Overall PCE inflation is projected at 3.6% for 2026, compared to the prior 2.7% estimate, indicating a significant upward revision of inflation expectations.
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