The Fed's updated projections show a modest upward revision to inflation: the median core PCE for year‑end 2026 is 3.4% versus 3.3% in June. July core PCE rose 3.3% YoY. After a September hike, FOMC members expect one additional rate increase this ye

2026-09-17

The Fed's updated projections show a modest upward revision to inflation: the median core PCE for year‑end 2026 is 3.4% versus 3.3% in June. July core PCE rose 3.3% YoY. After a September hike, FOMC members expect one additional rate increase this year, bringing the median policy rate to 4.1% — 12 members expect one more hike, 4 expect two more, and 2 expect rates to remain unchanged.