Us Inflation Rate 2024 Forecast Cnn

Us Inflation Rate 2024 Forecast Cnn. In june, the personal saving rate dipped to 3.4%, its lowest level since december 2022, according to the latest commerce department data. The annual rate of inflation moved higher last month for the first time since march, as expected — but economists say the underlying trend remains favorable for another round of interest rate.

Private sector experts expect inflation to drop below 2.5% in 2024, according to the federal reserve bank of st louis. Consumers are spending like crazy.