US Inflation Hits Fed’s 2% Goal Early 2025 in Economists Survey
- Polled economists see PCE target met sooner vs August results
- Results mostly match Fed estimates, which came out days before
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Economists see US inflation reaching the Federal Reserve’s target early next year while the unemployment rate picks up slightly, closely following the central bank’s own updated projections released last week.
The Fed targets 2% price growth based on the annual personal consumption expenditures price index, and forecasters in the latest Bloomberg monthly survey see the gauge averaging that pace in the first quarter. In August, they expected the metric would hit the Fed’s goal in the second quarter.