PLANETARYINSIGHTS

    Real GDP growth 2026 full year 2.1 2.4 ▲ EIAReal GDP growth 2027 full year 2.6 2.8 ▲ EIAHeadline PCE inflation 2026 Q4 3.95 3.94 ▼ Cleveland FedHeadline CPI inflation 2026 Q4 4.24 4.40 ▲ Cleveland FedCore CPI inflation 2026 Q4 3.02 3.40 ▲ Cleveland FedCore PCE inflation 2026 Q4 3.33 3.38 ▲ Cleveland Fed

    Economic Forecast Detail — United States, July 2026

    RBC Economics’ monthly detailed U.S. macroeconomic and financial forecast table.

    Royal Bank of CanadaOpen source document ↗

    Published2026-07-13
    Extracted figures9
    Source classInstitution forecast
    Update cadenceMonthly
    Available formatPDF table

    Reported figures

    Each with its source sentence
    MetricPeriodReportedForecast
    Real GDP growth2026 Q4“Real gross domestic product | 2026 Q4 | 2.2” — U.S. Forecast Detail · 2026 Q4 · source ↗2026-07-132.2%
    Unemployment rate2026 Q4“Unemployment rate (%) | 2026 Q4 | 4.3” — U.S. Forecast Detail · 2026 Q4 · source ↗2026-07-134.3%
    Headline CPI inflation2026 Q4“Headline CPI (y/y%) | 2026 Q4 | 2.8” — U.S. Forecast Detail · 2026 Q4 · source ↗2026-07-132.8%
    Core CPI inflation2026 Q4“CPI ex-food & energy (y/y%) | 2026 Q4 | 2.8” — U.S. Forecast Detail · 2026 Q4 · source ↗2026-07-132.8%
    Federal funds rate2026 Q4“Fed Funds Rate (%, eop, top of range) | 2026 Q4 | 3.75” — U.S. Forecast Detail · 2026 Q4 · source ↗2026-07-133.75%
    10-year Treasury yield2026 Q4“10-year | 2026 Q4 | 4.35” — U.S. Forecast Detail · 2026 Q4 · source ↗2026-07-134.35%
    Personal consumption2026 Q4“Consumer Expenditures | 2026 Q4 | 1.5” — U.S. Forecast Detail · 2026 Q4 · source ↗2026-07-131.5%
    Business investment2026 Q4“Non-Residential Investment | 2026 Q4 | 4.0” — U.S. Forecast Detail · 2026 Q4 · source ↗2026-07-134.0%
    Housing starts2026 Q4“Housing starts (000s) | 2026 Q4 | 1458.9” — U.S. Forecast Detail · 2026 Q4 · source ↗2026-07-131.459M