Us Current Inflation Rate 2024 Forecast. Consumer prices were unexpectedly unchanged in may amid cheaper gasoline, but inflation likely remains too high for the federal reserve. According to the cme fedwatch tool, the probability of a 50 bps rate cut at the september meeting climbed above 40% from nearly 20% early thursday.
We forecast core pce prices—the fed’s preferred. The cleveland fed produces nowcasts of the current period’s rate of inflation—inflation in a given month or quarter—before the official cpi or pce inflation data are released.
Us Current Inflation Rate 2024 Forecast Images References :