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 Unemployment Rate as of March 2026. Survey responses after March 27, 2026, included in mean and forecast range for CPI Inflation and Unemployment Rate. Shading represents the central 80% of the forecasts.Fed Chair Powell: “What we have is some tension between the goals, and we’re trying to manage our way through it.”Macro Data Takes a Back Seat2Q263.3%4Q263.1%2Q272.2%Feb ‘262.4%1%2%3%4%5%6%Mar-23 Mar-24 Mar-25 Mar-26 Mar-27CPI Inflation (YoY)Mean ForecastActual2Q264.5%4Q264.5%2Q274.4%Mar ‘264.3%3%4%5%Mar-23 Mar-24 Mar-25 Mar-26 Mar-27Unemployment RateMean ForecastActualCity of San LeandroFor the Quarter Ended March 31, 2026Market UpdatePFM Asset Management | pfmam.com5Resolution No. 2026-064Page 5 of 60