Is inflation coming back?

At the end of 2023, the US Federal Reserve opened the door for the first interest rate cuts in 2024, although the data on the macroeconomic situation pointed in the opposite direction. We venture an outlook based on our „ Economic Report“ und „Inflation Tracker“.

The situation as of January 15, 2024: The inflation rate remains above 3%, wages are rising faster than before the pandemic and freight costs are rising again. In 2024, inflation is unlikely to fall quickly to the target of 2 per cent and the uncertainty, which the Fed has recently contributed to, will characterise the year.

Marius Kleinheyer and Pablo Duarte discuss the inflation outlook for 2024 in our new Video.