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  1. EconomyUnited States

    US: in June 2020 the Fed expected inflation of 1.6% for 2021; the outcome was 5.7%

    02.55200620282020

    Next-year projections of 69 releases (2007–2024): the outcome above the median projection 29 times, below 40; typical error −0.11 percentage points. The largest under-projection in June 2020: 1.6% expected for 2021, the outcome was 5.7%. The largest over-projection in March 2014: 1.8% expected for 2015, the outcome was 0.2%.

    Source: Federal Reserve, Summary of Economic Projections; actual: BEA, BLS, Federal ReserveOpen on the chart →

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