Inflation in the United States will remain higha during 2023 and for the first months of 2024According to the results of a survey carried out by the National Association of Business Economics (NABEfor its acronym in English).
And it is that the main economists of the United States estimate that inflationary levels will remain high throughout 2023 and part of 2024, according to the new NABE survey.
98% of the economists surveyed estimate that inflation will remain above the year-on-year inflation rate of 2% provided by the Federal Reserve (fedfor its acronym in English).
In the recent report released earlier this month, he placed inflation at 4.9% year-on-year.
Inflation expectations
Inflation rates in recent times have recorded historical records in recent decades and the outlook does not seem to improve this year.
Only 2% of economists surveyed by NABE estimate that inflation will fall by 2% in the second half of this yearMeanwhile, 59% do not trust that the inflation index will register a drop to the Fed’s target level until 2025 or more.
The survey also found that the median forecast of economists surveyed by NABE is for inflation to approach the 2% target rate in 2024.
Estimates for 2024
It is expected to remain slightly above that threshold, as inflationary pressures are expected to ease little by little and remain above the target level in 2024 and continue to do so at the beginning of 2024.
The Fed’s efforts to control inflation by raising interest rates have not yet managed to stabilize the US economy, but the ghost of the recession is not going away either, specialists highlight, according to the NABE survey.
68% of economists surveyed by NABE note that achieving the “soft landing” The desire of the Fed, which tries to control inflation without inducing a sizeable recession, represents the biggest upside risk to the US economy.
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