Title:               FOMC Summary of Economic Projections for the Personal Consumption Expenditures less Food and Energy Inflation Rate, Central Tendency, Low
Series ID:           JCXFECTL
Source:              U.S. Federal Open Market Committee, Federal Reserve Bank of St. Louis
Release:             Summary of Economic Projections (Not a Press Release)
Seasonal Adjustment: Not Seasonally Adjusted
Frequency:           Annual
Units:               Fourth Quarter to Fourth Quarter Percent Change
Date Range:          2023-01-01 to 2025-01-01
Last Updated:        2023-03-24 1:28 PM CDT
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; the central tendencies exclude the three highest and three
                     lowest projections for each year. This series represents the low value
                     of the central tendency forecast established by the Federal Open
                     Market Committee.
                     
                     Digitized originals of this release can be found at
                     https://fraser.stlouisfed.org/publication/?pid=677.

DATE       VALUE
2023-01-01   3.5
2024-01-01   2.3
2025-01-01   2.0