About this work
US disinflation in early 2024 was uneven across spending categories. Services remained a source of persistent pressure, with shelter helping explain the latest strong consumer price reading. The February assessment connects those remaining inflation pressures to the Federal Reserve's cautious communication, despite progress elsewhere in the price index.
Abstract
US disinflation in early 2024 was uneven across spending categories. Services remained a source of persistent pressure, with shelter helping explain the latest strong consumer price reading. The February assessment connects those remaining inflation pressures to the Federal Reserve's cautious communication, despite progress elsewhere in the price index.
Cite this work
Jonathan Fortun (2024). Global Macro Views: The Last Mile on the US Inflation Fight. Institute of International Finance.