27 November 2023
Bloomberg’s latest survey indicates the Federal Reserve’s core inflation measure will stay elevated, likely keeping interest rates high into 2024. The core index is expected to be 2.5% by end of 2024, suggesting a prolonged period of tight monetary policy. Overall inflation is projected to decline, but economic growth is forecasted to slow, with a peak unemployment rate of 4.4%. The survey, conducted between Nov. 17-22, included 73 economists.