🏦FOMC Summary Of Economic Projections

• The Federal Reserve has raised its GDP estimate for the United States to 7.0% in 2021

• Core PCE inflation is expected to be 3.0% in 2021 (previously 2.2%), 2.1% in 2022, and 2.1% in 2023

• Year-end unemployment rate in the United States to be 4.5% in 2021 (prev. 4.5%), 3.8% in 2022, and 3.5% in 2023; the median long-run projection is 4.0%