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Inflation to remain sticky in 2H 2024


We revise up our projection for CPI inflation by 25 bp to 2.75%-3.25% in 2024. Slower disinflation amid continued economic growth, still tight labor markets, firming goods inflation pipeline, and more tariffs. Shelter inflation to continue to drift lower this year, but will likely rebound next year.

Ned Davis Research | Economics | U.S. Focus | Monthly

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