Laserfiche WebLink
Source: FOMC Chair Jerome Powell Press Conference, March 18, 2026. Bureau of Labor Statistics and Bloomberg Finance L.P. CPI Inflation as of February 2026 and <br />Unemployment Rate as of March 2026. Survey responses after March 27, 2026, included in mean and forecast range for CPI Inflat ion and Unemployment Rate. Shading represents <br />the central 80% of the forecasts. <br />Fed Chair Powell: “What we have is some tension between the goals, <br />and we’re trying to manage our way through it.” <br />Macro Data Takes a Back Seat <br />For the Quarter Ended March 31,2026 <br />Market Update <br />2Q26 <br />3.3%4Q26 <br />3.1% <br />2Q27 <br />2.2% <br />Feb ‘26 <br />2.4% <br />1% <br />2% <br />3% <br />4% <br />5% <br />6% <br />Mar-23 Mar-24 Mar-25 Mar-26 Mar-27 <br />CPI Inflation (YoY) <br />Mean Forecast Actual <br />2Q26 <br />4.5% <br />4Q26 <br />4.5% <br />2Q27 <br />4.4%Mar ‘26 <br />4.3% <br />3% <br />4% <br />5% <br />Mar-23 Mar-24 Mar-25 Mar-26 Mar-27 <br />Unemployment Rate <br />Mean Forecast Actual <br />CITY OF REDWOOD CITY <br />PFM Asset Management | pfmam.com 14 <br />7.C. - Page 20 of 71 <br />36