Fed officials project PCE inflation returning to 2% target by 2029
Fed projections show PCE inflation reaching 3.7% in 2026 and not returning to the 2% target until 2029, with 2026 revised higher versus the June outlook.
The summary of economic projections showed inflation is not expected to return to the Fed's 2% target until 2029. 6% in the June projection. 0% in 2028, though that figure was cut off in the source text.