A food shopper pushes a cart of groceries at a supermarket in Bellflower, Calif., on Monday, Feb. 13, 2023. Over the past 12 months, gas prices have dropped, grocery costs have risen more slowly and used cars have become less expensive.(AP Photo/Allison Dinner, File) ( NewsNation ) — Inflation slowed in 2023 and with the start of a new year, most Americans will be wondering the same thing: where do we go from here?
Economists are cautiously optimistic a “soft landing” is in reach after prices started accelerating in the spring of 2021.
In 2024, inflation is expected to nearly hit the Federal Reserve’s 2% target rate, though that will likely come with slower economic growth, the nonpartisan Congressional Budget Office said in December. 4 reasons Americans are unhappy despite positive economic news While widespread deflation is unlikely and probably not desirable , some prices are expected to fall over the […]
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