Economists say U.S. disinflation progress to stall in 2025
NEW YORK, Jan. 13 (Xinhua) -- The progress in driving down U.S. inflation should stall in 2025 given expected changes to trade, fiscal and immigration policies, according to economists with Bank of America (BofA) Global Research.
"We do not see substantial upside risks to inflation but remain cautious of the recent robust labor market data and increased inflation expectations," said Stephen Juneau and Jeseo Park