Key Takeaways
- Inflation has been high now for many months, but the Fed has managed to bring it down from it’s 9.1% peak in June last year
- The latest CPI figures have come in at 3.7%, which has crept up over the past couple of months
- It’s likely that we’ll continue to see higher inflation in the short term, and more rate hikes could be on the cards given the Fed’s determination to bring it down to around 2%
We’ve all heard so much about inflation over the last couple of years. We’ve seen the headline figures and we’ve felt our own bills going up every month, but what does this all boil down to over the course of the year?
Because yes, it really is getting close to the holiday season, which means 2024 will be here before we know it.
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