---
title: "Global forecasting group sees U.S. inflation at 4.2% this year, much higher than Fed estimate"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/280629753.md"
description: "The OECD forecasts U.S. inflation at 4.2% for 2026, significantly higher than the Fed's estimate of 2.7%. This increase is attributed to the Iran war's impact on global energy prices and ongoing U.S. tariffs. The agency warns that prolonged high energy prices could adversely affect growth. However, inflation is expected to drop to 1.6% in 2027. The OECD also predicts GDP growth of 2% this year, slowing to 1.7% in 2027, and advises the Fed to remain vigilant against inflation threats."
datetime: "2026-03-26T12:28:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280629753.md)
  - [en](https://longbridge.com/en/news/280629753.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280629753.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/280629753.md) | [繁體中文](https://longbridge.com/zh-HK/news/280629753.md)


# Global forecasting group sees U.S. inflation at 4.2% this year, much higher than Fed estimate

A woman shops for prepared food at Eataly March 19, 2026 in the Manhattan borough of New York City.

Robert Nickelsberg | Getty Images

The Iran war and its impact on the global energy market will keep headline U.S. inflation this year well above the Federal Reserve's projections, possibly necessitating policy action, according to a key global policy group.

In its periodic update of economic conditions, the Organization for Economic Cooperation and Development forecast all-items inflation in the U.S. to be at 4.2% for 2026.

The forecast is a sharp step up from the prior projection of 2.8%. Moreover, it is much higher than the 2.7% Fed officials estimated when they updated their own forecasts last week.

The revision is due to two primary factors: the war in the Middle East, and the ongoing impact from U.S. tariffs that, while lower than prior levels, continue to impact prices around the world.

"The breadth and duration of the conflict are very uncertain, but a prolonged period of higher energy prices will add markedly to business costs and raise consumer price inflation, with adverse consequences for growth," the OECD.

However, the agency said U.S. inflation is likely to recede sharply in 2027, back to 1.6%, which is actually well below the Fed estimate of 2.2% and less than the central bank's 2% target. Core inflation, which excludes energy as well as food prices, is estimated at 2.8% this year then 2.4% in 2027.

In its baseline forecast, the OECD said it sees the Fed keeping its policy rate flat through 2027 "reflecting rising headline inflation in the near-term, core inflation projected to remain above target through 2027, and solid projected GDP growth."

The organization, though, cautioned that the Fed and its global counterparts "need to remain vigilant" against inflation threats.

"The current supply-induced rise in global energy prices can be looked through provided inflation expectations remain well-anchored, but policy adjustment may be needed if there are signs of broader price pressures or weaker labour market conditions," the report stated.

The agency sees gross domestic product in the U.S. accelerating at a 2% pace this year before easing to 1.7% in 2027. GDP slowed sharply to a 0.7% rate in the fourth quarter of 2025.

The OECD provides its outlook twice a year, with periodic updates.

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

### 相关股票

- [HSPC (603353.CN)](https://longbridge.com/zh-CN/quote/603353.CN.md)
- [S&P 500 (.SPX.US)](https://longbridge.com/zh-CN/quote/.SPX.US.md)
- [Dow Jones Utility Average (.DJU.US)](https://longbridge.com/zh-CN/quote/.DJU.US.md)
- [Occidental Petroleum (OXY.US)](https://longbridge.com/zh-CN/quote/OXY.US.md)
- [Dow Jones Industrial Average (.DJI.US)](https://longbridge.com/zh-CN/quote/.DJI.US.md)
- [Proshares UltraPro QQQ (TQQQ.US)](https://longbridge.com/zh-CN/quote/TQQQ.US.md)
- [Pro Ultr GLD (UGL.US)](https://longbridge.com/zh-CN/quote/UGL.US.md)
- [Financial Select Sector SPDR Fund (XLF.US)](https://longbridge.com/zh-CN/quote/XLF.US.md)
- [Invesco Nasdaq 100 ETF (QQQM.US)](https://longbridge.com/zh-CN/quote/QQQM.US.md)
- [VG Financial (VFH.US)](https://longbridge.com/zh-CN/quote/VFH.US.md)
- [SPDR Energy Select (XLE.US)](https://longbridge.com/zh-CN/quote/XLE.US.md)
- [Guotai S&P 500 ETF(QDII) (159612.CN)](https://longbridge.com/zh-CN/quote/159612.CN.md)
- [Pro Ultr Bloomberg Crude Oil (UCO.US)](https://longbridge.com/zh-CN/quote/UCO.US.md)
- [ISHRS S&P Glb Engy (IXC.US)](https://longbridge.com/zh-CN/quote/IXC.US.md)
- [VanEck Oil Refiners ETF (CRAK.US)](https://longbridge.com/zh-CN/quote/CRAK.US.md)
- [Guotai CSI Oil & Gas Industry ETF (561360.CN)](https://longbridge.com/zh-CN/quote/561360.CN.md)
- [SPDR Gold Minishares (GLDM.US)](https://longbridge.com/zh-CN/quote/GLDM.US.md)
- [United States Oil Fund LP (USO.US)](https://longbridge.com/zh-CN/quote/USO.US.md)
- [SPDR O&G Equip (XES.US)](https://longbridge.com/zh-CN/quote/XES.US.md)
- [Abrdn Gold ETF Trust (SGOL.US)](https://longbridge.com/zh-CN/quote/SGOL.US.md)
- [Us Brent Oil (BNO.US)](https://longbridge.com/zh-CN/quote/BNO.US.md)
- [SPDR Gold Shares (GLD.US)](https://longbridge.com/zh-CN/quote/GLD.US.md)
- [iShares Gold Trust (IAU.US)](https://longbridge.com/zh-CN/quote/IAU.US.md)
- [SPDR O&G Ex & Prd (XOP.US)](https://longbridge.com/zh-CN/quote/XOP.US.md)
- [ProShares Ultra QQQ (QLD.US)](https://longbridge.com/zh-CN/quote/QLD.US.md)
- [iShares US Oil & Gas Expl & Prod (IEO.US)](https://longbridge.com/zh-CN/quote/IEO.US.md)
- [ISHRS Us Brokers & Sec Exchg (IAI.US)](https://longbridge.com/zh-CN/quote/IAI.US.md)
- [Bosera S&P 500 ETF (513500.CN)](https://longbridge.com/zh-CN/quote/513500.CN.md)
- [VanEck Oil Services ETF (OIH.US)](https://longbridge.com/zh-CN/quote/OIH.US.md)
- [iShares US Oil Equip & Svcs (IEZ.US)](https://longbridge.com/zh-CN/quote/IEZ.US.md)
- [Bosera CSI Oil & Gas Resources Index ETF (561760.CN)](https://longbridge.com/zh-CN/quote/561760.CN.md)
- [First Trust NASDAQ-100 Equal Weighted (QQEW.US)](https://longbridge.com/zh-CN/quote/QQEW.US.md)
- [VG Energy (VDE.US)](https://longbridge.com/zh-CN/quote/VDE.US.md)
- [Invesco QQQ Trust (QQQ.US)](https://longbridge.com/zh-CN/quote/QQQ.US.md)

## 相关资讯与研究

- [Logan Favors Rule Changes to Shrink Fed Balance Sheet](https://longbridge.com/zh-CN/news/281554329.md)
- [TRADING DAY-Oil Strait back up again](https://longbridge.com/zh-CN/news/281575673.md)
- [Fed's Musalem says inflation will go up on commodity price shock](https://longbridge.com/zh-CN/news/281379101.md)
- [Trump threatens to hit Iran infrastructure on Tuesday if Strait remains blocked](https://longbridge.com/zh-CN/news/281711285.md)
- [Near-term oil prices hit record premium over later deliveries after Trump vows more attacks on Iran](https://longbridge.com/zh-CN/news/281570397.md)