Federal Reserve Economic Data: Your trusted data source since 1991

Release Tables

Summary of Economic Projections

   

Please select a date range

    2023    
 
 
    2026
Name 2023 Preceding
Period
Year Ago
from Period
Units
MEDIAN
Change in real GDP
2.1 Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change Fourth Qtr. to Fourth Qtr. % Chg.
Unemployment rate
3.8 Percent . Percent . Percent %
PCE inflation
3.3 Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change Fourth Qtr. to Fourth Qtr. % Chg.
Core PCE inflation
3.7 Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change Fourth Qtr. to Fourth Qtr. % Chg.
Memo: Projected appropriate policy path
Federal funds rate
5.6 Percent . Percent . Percent %
CENTRAL TENDENCY LOW
Change in real GDP
1.9 Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change Fourth Qtr. to Fourth Qtr. % Chg.
Unemployment rate
3.7 Fourth Quarter, Percent . Fourth Quarter, Percent . Fourth Quarter, Percent Fourth Qtr., %
PCE inflation
3.2 Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change Fourth Qtr. to Fourth Qtr. % Chg.
Core PCE inflation
3.6 Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change Fourth Qtr. to Fourth Qtr. % Chg.
Memo: Projected appropriate policy path
Federal funds rate
5.4 Percent . Percent . Percent %
CENTRAL TENDENCY MIDPOINT
Change in real GDP
2.05 Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change Fourth Qtr. to Fourth Qtr. % Chg.
Unemployment rate
3.80 Fourth Quarter, Percent . Fourth Quarter, Percent . Fourth Quarter, Percent Fourth Qtr., %
PCE inflation
3.30 Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change Fourth Qtr. to Fourth Qtr. % Chg.
Core PCE inflation
3.75 Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change Fourth Qtr. to Fourth Qtr. % Chg.
Memo: Projected appropriate policy path
Federal funds rate
5.50 Percent . Percent . Percent %
CENTRAL TENDENCY HIGH
Change in real GDP
2.2 Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change Fourth Qtr. to Fourth Qtr. % Chg.
Unemployment rate
3.9 Fourth Quarter, Percent . Fourth Quarter, Percent . Fourth Quarter, Percent Fourth Qtr., %
PCE inflation
3.4 Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change Fourth Qtr. to Fourth Qtr. % Chg.
Core PCE inflation
3.9 Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change Fourth Qtr. to Fourth Qtr. % Chg.
Memo: Projected appropriate policy path
Federal funds rate
5.6 Percent . Percent . Percent %
RANGE LOW
Change in real GDP
1.8 Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change Fourth Qtr. to Fourth Qtr. % Chg.
Unemployment rate
3.7 Fourth Quarter, Percent . Fourth Quarter, Percent . Fourth Quarter, Percent Fourth Qtr., %
PCE inflation
3.1 Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change Fourth Qtr. to Fourth Qtr. % Chg.
Core PCE inflation
3.5 Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change Fourth Qtr. to Fourth Qtr. % Chg.
Memo: Projected appropriate policy path
Federal funds rate
5.4 Percent . Percent . Percent %
RANGE MIDPOINT
Change in real GDP
2.20 Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change Fourth Qtr. to Fourth Qtr. % Chg.
Unemployment rate
3.85 Fourth Quarter, Percent . Fourth Quarter, Percent . Fourth Quarter, Percent Fourth Qtr., %
PCE inflation
3.45 Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change Fourth Qtr. to Fourth Qtr. % Chg.
Core PCE inflation
3.85 Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change Fourth Qtr. to Fourth Qtr. % Chg.
Memo: Projected appropriate policy path
Federal funds rate
5.50 Percent . Percent . Percent %
RANGE HIGH
Change in real GDP
2.6 Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change Fourth Qtr. to Fourth Qtr. % Chg.
Unemployment rate
4.0 Fourth Quarter, Percent . Fourth Quarter, Percent . Fourth Quarter, Percent Fourth Qtr., %
PCE inflation
3.8 Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change Fourth Qtr. to Fourth Qtr. % Chg.
Core PCE inflation
4.2 Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change . Fourth Quarter to Fourth Quarter Percent Change Fourth Qtr. to Fourth Qtr. % Chg.
Memo: Projected appropriate policy path
Federal funds rate
5.6 Percent . Percent . Percent %
   

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