Would you like a receipt? http://12yo.icu/ 12yo nn Overall, FOMC participants expected, under appropriate monetary policy, a pickup in economic growth, with the unemployment rate declining gradually (table 1 and figure 1). Almost all of the participants projected that inflation, as measured by the annual change in the price index for personal consumption expenditures (PCE), would rise to a level at or somewhat below the Committee's 2 percent objective in 2016.