The Federal Reserve's Federal Open Market Committee (FOMC) has updated its economic projections, forecasting GDP growth of 2.4% for 2026, 2.3% for 2027, and 2.1% for 2028. These figures represent an increase from the previous estimates of 2.3%, 2.0%, and 1.9% made in December. Additionally, the FOMC adjusted its median Personal Consumption Expenditures (PCE) inflation expectations to 2.7% for 2026, 2.2% for 2027, and 2.0% for 2028, compared to prior forecasts of 2.4%, 2.1%, and 2.0%. These revisions reflect a more optimistic outlook on economic growth and inflation over the coming years.