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Federal Reserve to Cut Rates, Unemployment Peaks by 2026

1/9/2026

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Summary

Story summary

The Congressional Budget Office forecasts that the Federal Reserve will cut short-term interest rates to 3.4% by 2028.
The 10-year Treasury yield is expected to rise to 4.3%.
Unemployment is projected to peak at 4.6% in 2026.
GDP growth is forecast to reach 2.2% in 2026.
Population growth is projected to reach 15 million over 30 years due to immigration policies.

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Story summary

The Congressional Budget Office forecasts that the Federal Reserve will cut short-term interest rates to 3.4% by 2028.
The 10-year Treasury yield is expected to rise to 4.3%.
Unemployment is projected to peak at 4.6% in 2026.
GDP growth is forecast to reach 2.2% in 2026.
Population growth is projected to reach 15 million over 30 years due to immigration policies.