2023-12-13 19:24:14
But its officials mostly anticipate three or four declines next year, to bring them to 4.6% at the end of 2024. “Recent indicators suggest that the growth of economic activity has slowed since its solid pace in the third quarter,” said commented the Fed Monetary Policy Committee (FOMC), following a meeting that began Tuesday morning.
Inflation: the target will not be reached before 2026
Federal Reserve officials also note that “inflation has slowed over the past year but remains high.” Inflation should slow down a little faster than expected, falling to 2.4% at the end of 2024, according to updated forecasts, compared to 2.5% anticipated in the previous ones, in September. But we will have to wait until 2026 to see it return to the desired level of 2.0%.
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As for growth, this year it will be stronger than initially expected, at 2.6% (compared to 2.1%), but should slow down more than expected next year, to 1.4% (compared to 1.5 %), and then accelerate again. No change, however, for the unemployment rate, expected at 3.8% this year, and 4.1% in 2024.
Development follows
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