ALFRED Graph | ALFRED | St. Louis Fed

Observations

2027: 2.1

Updated: Jun 18, 2025 2:08 PM CDT

2027:	2.1
2026:	2.4
2025:	3.1
2024:	.

Units:

Fourth Quarter to Fourth Quarter Percent Change,

Not Seasonally Adjusted

Frequency:

Annual

Notes

Title	Release Dates

FOMC Summary of Economic Projections for the Personal Consumption Expenditures less Food and Energy Inflation Rate, Median	2015-12-16	2025-12-10

Source

U.S. Federal Open Market Committee	2015-12-16	2025-12-10
Federal Reserve Bank of St. Louis	2015-12-16	2025-12-10

Release

Summary of Economic Projections	2015-12-16	2025-12-10

Units

Fourth Quarter to Fourth Quarter Percent Change	2015-12-16	2025-12-10

Frequency

Annual	2015-12-16	2025-12-10

Seasonal Adjustment

Not Seasonally Adjusted	2015-12-16	2025-12-10

Notes

Projections of personal consumption expenditures less food and energy (Core PCE) inflation rate are fourth quarter growth rates, that is, percentage changes from the fourth quarter of the prior year to the fourth quarter of the indicated year. Core PCE inflation rate is the percentage rates of change in the price index for personal consumption expenditures less food and energy. Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the given year. This series represents the median value of the range forecast established by the Federal Open Market Committee. For each period, the median is the middle projection when the projections are arranged from lowest to highest. When the number of projections is even, the median is the average of the two middle projections. Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.	2015-12-16	2025-12-10