US Inflation Seen Coming Down Much Faster Due to Tighter Credit After Bank Failures
- Economists lower price forecasts through first half of 2024
- Bloomberg survey still puts recession odds at 65% in next year
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US inflation is now expected to come down faster than originally projected thanks to tighter credit conditions in the aftermath of several bank failures.
Economists lowered their projections for the consumer price index as well as the personal consumption expenditures price index for every quarter through the first half of 2024, according to the latest Bloomberg monthly survey of economists. The poll was conducted April 14-19.