Latest / Economic Insights by Nationwide
Inflation is still a long way from trend
CPI surprised to the upside in December and core inflation continues to come in at a solid clip due to rising services costs. This creates a quandary for the Fed as it looks to lower interest rates at some point this year. How long until we see consumer inflation return to pre-pandemic trends? Nationwide’s Chief Economist Kathy Bostjancic and Senior Economist Ben Ayers discuss the December CPI report and our outlook for inflation this year. [NFM - 22911AO]
The skinny
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