Fed Economic Projections: Upward Revisions to Rate and Inflation Expectations, Inflation Seen Returning to 2% by 2029

BlockBeats news, September 17, the Federal Reserve fully raised its federal funds rate expectations; both this year's PCE and core PCE inflation expectations were revised upward, with a return to the 2% target level expected by 2029; meanwhile, GDP growth expectations for this year and next were revised upward, and unemployment rate expectations were revised downward. (Jinshi)