The old and new Fed growth, employment and inflation forecasts

Here is what the Fed forecasts now, with the June forecasts included

  • Slightly higher growth this year, slightly higher in 2019
  • PCE inflation the same this year, slightly lower in 2018
  • Core PCE to 1.5% from 1.7% this year, down to 1.9% from 2.0% next year
  • Fed funds medians unchanged through next year