Fed Raises Inflation Outlook, Lowers Unemployment Forecasts
The Federal Reserve has revised its economic projections, raising its inflation outlook for 2026 while lowering unemployment forecasts, according to Anadolu Agency.
The Federal Reserve has updated its economic projections, raising its inflation outlook while lowering its unemployment forecasts, according to a report by Anadolu Agency.
The central bank's core Personal Consumption Expenditures (PCE) inflation forecast for 2026 was revised upward to 3.4%, the report said, citing the Fed's latest projections.
At the same time, the Fed projected that the unemployment rate would remain at 4.1% through 2029, according to the report.
The revisions reflect the Federal Reserve's ongoing assessment of the U.S. economy, as the central bank continues to monitor inflation trends and labor market conditions in shaping its monetary policy decisions.
Anadolu Agency did not provide additional details on the specific meeting or date associated with the revised projections in the cited report.
Sources
- Fed raises US inflation outlook while lowering unemployment forecasts — Anadolu Agency (Turkey)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Related articles
Fed Raises Interest Rates for First Time This Year, NPR Explainer Breaks Down the Mechanics
NPR News reports the Federal Reserve increased its benchmark rate this week, and outlines in a new explainer how the move ripples through the economy.
Fed Chair Kevin Warsh Wins Unanimous Vote to Raise Interest Rates Amid White House Pressure
The Federal Reserve, led by chair Kevin Warsh, voted unanimously to raise interest rates for the first time in three years, according to a report by The Guardian.
Bank of Japan Raises Interest Rate to 31-Year High Amid Inflation Concerns
The central bank lifted its policy rate by 25 basis points to 1.25% in a split 7-2 vote, citing inflation risks, according to Anadolu Agency.
Ukraine's Central Bank Says Inflation Could Top Earlier Forecast
The National Bank of Ukraine says the inflation trajectory in coming months may run higher than previously projected.
Bank of Japan Raises Interest Rates to 31-Year High, Citing Inflation Concerns
The central bank's policy board voted 7-2 to lift rates, with two members dissenting from the decision, according to CNBC.
Bank of Japan Raises Rates to 31-Year High Amid Inflation Concerns
The central bank lifted its benchmark rate to 1.25%, following similar tightening moves by the US Federal Reserve and European Central Bank
Comments
Loading comments…