Our investment and economic outlook, April 2024
Monthly outlook April 18, 2024U.S. Consumer Price Index (CPI) data for March underscore the challenge faced by Federal Reserve policymakers as they try to guide inflation down toward their 2% target. Getting there would require a slower pace of growth for two especially sticky CPI components—shelter and services excluding shelter. Without progress on those fronts, the Fed may not be able to cut its benchmark interest rate target. The "last mile" of inflation reduction will require progress on shelter and services Note... Читать дальше...