Fed Officials Project Inflation Will Return to Target by 2029 -- Market Talk

1416 ET - The summary of economic projections showed that inflation won't cool to the Fed's 2% target until 2029. Officials projected that PCE inflation will be 3.7% in 2026, higher than the 3.6% in the June projection. In June, committee officials predicted PCE inflation would be 2.0% in 2028, that number was changed to 2.1%, slightly above target. (jessica.coacci@wsj.com)

(END) Dow Jones Newswires

September 16, 2026 14:16 ET (18:16 GMT)