Inflation Rate 2024 Forecast Usa. With a neutral inflation print in january and cautious optimism from the fed regarding economic strength, expectations for rate cuts have been adjusted to be between three and five in 2024,. Inflation, as measured by the growth rate of the price index for personal consumption expenditures (pce), is projected to be 0.4 percent in 2020 and to nearly reach 2.0.
President joe biden touted the report as a victory for the economy, with inflation coming back down to. Economists forecast a 0.2% rise in core inflation last month.
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