Will the US Rebound from Inflation and Rates Hikes in 2024?

Bloomberg Television published this video item, entitled “Will the US Rebound from Inflation and Rates Hikes in 2024?” – below is their description.

Despite an unexpected uptick in inflation for December, most analysts are forecasting that consumer prices in the US will continue to recede in 2024, potentially ending the year near the Federal Reserve’s 2% target. The downdraft begs the question of how soon the Fed will dial back its restrictive monetary policy, now that its anti-inflation campaign is approaching closure. Presented by @cmegroup: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insight

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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