Cpi Forecast June 2024. Federal reserve officials left interest rates unchanged in their june decision and predicted that they will cut borrowing costs just once before the end of 2024, a sign. The cpi peaked above 9% in june 2022, prompting the fed to respond with a flurry of interest rate hikes that concluded in july 2023.
Nowcasts as modeled by the federal reserve bank of cleveland suggest that the monthly increase in headline cpi inflation for june will be 0.08% and that core cpi. Economy, held flat on the month though it increased 3.3% from a year ago, according to the.