New Year, New Outlook
Moody's Talks - Inside Economics
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Inflation Expectations Come In, but It's Coming in Faster Than Expected
Consumer price inflation year over year is about 7%. I think it's 7-1 to be precise in November. We've got it coming down to probably half of what it is today by the end of 23, say 3.5%ish. And then by mid-2024, it's back within spitting distance of the Federal Reserve's inflation target. If inflation came in faster than that, not related to lower supply shock, like end of Russian oil prices come in, but it's just coming in faster.
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