US: Inflation to still remain above the 3% level by Q4 2023 – TDS Inflation UnitedStates Banks
“We continue to forecast inflation to still remain above the 3% level by Q4 2023 despite the expected cumulative aid from goods deflation and shelter disinflation. We continue to judge the move to below 3% to be the real challenge as the more persistent factors driving services inflation will become more evident.”
“We also expect the spread between the CPI and PCE measures to shrink through the end of next year as the factors driving the wedge normalize. We project core PCE inflation at 3.0% YoY by end-2023.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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