Hindsight · review build · data not yet validated

Budget and economic projections, 2025-09

US Congressional Budget Office · all publications · published 2025-09 · 16 predictions

complete← 2025-01 2026-02 →

Economic projections: This file presents data that supplement CBO’s September 2025 report CBO’s Current View of the Economy From 2025 to 2028. Not in source (short horizon or n.a.): real GDP growth 2029: year not in file; CPI-U inflation 2029: year not in file; unemployment rate 2029: year not in file; 10-year Treasury note rate 2029: year not in file.

www.cbo.gov/system/files/2025-09/51135-2025-09-Economic-Proj

2025

not graded
10-year Treasury note Percent
10-year Treasury note rate in 2025: 4.344 %
cbo-projections-2025-09-001
not graded
Consumer price index, all urban consumers (CPI-U) 1982-84=100 / Percentage change, annual rate
CPI-U inflation in 2025: 2.827 %
cbo-projections-2025-09-005
not graded
Real GDP Billions of chained (2017) dollars / Percentage change, annual rate
real GDP growth in 2025: 1.739 %
cbo-projections-2025-09-009
not graded
Unemployment rate, civilian, 16 years or older Percent
unemployment rate in 2025: 4.287 %
cbo-projections-2025-09-013

2026

not graded
10-year Treasury note Percent
10-year Treasury note rate in 2026: 4.191 %
cbo-projections-2025-09-002
not graded
Consumer price index, all urban consumers (CPI-U) 1982-84=100 / Percentage change, annual rate
CPI-U inflation in 2026: 2.744 %
cbo-projections-2025-09-006
not graded
Real GDP Billions of chained (2017) dollars / Percentage change, annual rate
real GDP growth in 2026: 2.034 %
cbo-projections-2025-09-010
not graded
Unemployment rate, civilian, 16 years or older Percent
unemployment rate in 2026: 4.392 %

2027

not graded
10-year Treasury note Percent
10-year Treasury note rate in 2027: 4.034 %
cbo-projections-2025-09-003
not graded
Consumer price index, all urban consumers (CPI-U) 1982-84=100 / Percentage change, annual rate
CPI-U inflation in 2027: 2.249 %
cbo-projections-2025-09-007
not graded
Real GDP Billions of chained (2017) dollars / Percentage change, annual rate
real GDP growth in 2027: 1.935 %
cbo-projections-2025-09-011
not graded
Unemployment rate, civilian, 16 years or older Percent
unemployment rate in 2027: 4.35 %

2028

not graded
10-year Treasury note Percent
10-year Treasury note rate in 2028: 3.922 %
cbo-projections-2025-09-004
not graded
Consumer price index, all urban consumers (CPI-U) 1982-84=100 / Percentage change, annual rate
CPI-U inflation in 2028: 2.213 %
cbo-projections-2025-09-008
not graded
Real GDP Billions of chained (2017) dollars / Percentage change, annual rate
real GDP growth in 2028: 1.775 %
cbo-projections-2025-09-012
not graded
Unemployment rate, civilian, 16 years or older Percent
unemployment rate in 2028: 4.426 %