Fed Raises 2026 Core PCE Inflation Forecast to 3.4%

The revision is small, but the direction matters more than the magnitude: the Fed's own projections now show core inflation running well above target through 2028, with the 2029 figure only just reaching 2.0%. That profile implies a longer stretch of restrictive policy than markets may have priced, and it directly affects rate-sensitive sectors, including crypto and tokenized real-world assets, where valuations lean on the discount-rate path. Whether these upgraded forecasts survive the next round of data is the open question.