January 12th, 2024
CBS Austin recently published an article featuring Mark Williams, Master Lecturer of Finance, discussing recent challenges in bringing inflation down to normal rates in the United States.
Despite the recent bump in prices, there are some signs inflation could lessen the ability of the Federal Reserve to materially lower its benchmark interest rate in 2024.
“December’s CPI number is a yellow flashing light and a reminder that the road to 2 percent target rates might not arrive until 2025,” Williams adds.
Fed officials will continue to monitor the labor market throughout 2024.
