A new report from the Federal Reserve Bank of San Francisco projects that 3.8 million undocumented immigrants could enter the U.S. in fiscal year 2024, a considerable contrast with the Congressional Budget Office's (CBO) January forecast of 3.3 million total immigrants for the same period.
The Federal Reserve's report links uses updated data and CBO methods to provide the new figure. As Evgeniya A. Duzhak, the report's author explains:
