What Is The Rate Of Inflation 2024. The july 2024 cpi report will likely increase the fed’s confidence that inflation is on the way to its 2% target and position the fed to cut interest rates in september. The uptick in core inflation reminds us that the path to the fed’s 2% target may be bumpier than expected, but doesn’t change our view.
131 rows the annual inflation rate for the united states was 2.6% for the 12 months ending october, compared to the previous rate increase of 2.4%, according to u.s. The ft global inflation and interest rates tracker provides a regularly updated visual narrative of consumer price inflation and central bank policy rates around the world.