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    Economic Forecast — July 2026

    Fannie Mae ESR’s monthly table of U.S. growth, inflation, labor, and rate forecasts.

    Fannie MaeOpen source document ↗

    Published2026-07-10
    Extracted figures11
    Source classInstitution forecast
    Update cadenceMonthly
    Available formatPDF table + API

    Reported figures

    Each with its source sentence
    MetricPeriodReportedForecast
    Real GDP growth2026 Q4“Gross Domestic Product | 26.4 | 2.2” — Economic Forecast table · 2026 Q4 · source ↗2026-07-102.2%
    Personal consumption2026 Q4“Personal Consumption Expenditures (PCE) | 26.4 | 2.4” — Economic Forecast table · 2026 Q4 · source ↗2026-07-102.4%
    Business investment2026 Q4“Business Fixed Investment | 26.4 | 5.8” — Economic Forecast table · 2026 Q4 · source ↗2026-07-105.8%
    Headline CPI inflation2026 Q4“Consumer Price Index | 26.4 | 3.3” — Economic Forecast table · 2026 Q4 · source ↗2026-07-103.3%
    Core CPI inflation2026 Q4“Core Consumer Price Index (ex. Food & Energy) | 26.4 | 2.9” — Economic Forecast table · 2026 Q4 · source ↗2026-07-102.9%
    Headline PCE inflation2026 Q4“PCE Chain Price Index | 26.4 | 3.5” — Economic Forecast table · 2026 Q4 · source ↗2026-07-103.5%
    Core PCE inflation2026 Q4“Core PCE Chain Price Index (ex. Food & Energy) | 26.4 | 3.3” — Economic Forecast table · 2026 Q4 · source ↗2026-07-103.3%
    Payroll growth2026 Q4“Employment, Total Nonfarm | 26.4 | 66” — Economic Forecast table · 2026 Q4 · source ↗2026-07-1066K/mo
    Unemployment rate2026 Q4“Unemployment Rate | 26.4 | 4.4” — Economic Forecast table · 2026 Q4 · source ↗2026-07-104.4%
    Federal funds rate2026 Q4“Federal Funds Rate | 26.4 | 3.6” — Economic Forecast table · 2026 Q4 · source ↗2026-07-103.6%
    10-year Treasury yield2026 Q4“10-Year Treasury Note Yield | 26.4 | 4.5” — Economic Forecast table · 2026 Q4 · source ↗2026-07-104.5%