Summary of Economic Projections — March 2025

Median projections from Federal Reserve Board members and Reserve Bank presidents.

Federal ReserveOpen source document ↗

Published2025-03-19
Extracted figures3
Source classInstitution forecast
Update cadenceQuarterly
Available formatPDF table

Reported figures

Each with its source sentence
MetricPeriodReportedForecast
Real GDP growth2025 Q4“Change in real GDP 1.7” — Table 1, page 2 · 2025 median · source ↗2025-03-191.7%
Unemployment rate2025 Q4“Unemployment rate 4.4” — Table 1, page 2 · 2025 median · source ↗2025-03-194.4%
Headline PCE inflation2025 Q4“PCE inflation 2.7” — Table 1, page 2 · 2025 median · source ↗2025-03-192.7%