Fed raises 2026 inflation forecast

According to the U.S. Federal Reserve FOMC's economic projections, the median forecasts for year-end Personal Consumption Expenditures (PCE) inflation are as follows: - Year-end 2026: 2.7% (revised up from 2.4% in December) - Year-end 2027: 2.2% (revised up from 2.1% in December) - Year-end 2028: 2.0% (unchanged from 2.0% in December)