Inflation Rate 2024 Predictions. When will the fed cut rates? We project overall pce inflation to average 2.4% in 2024 and 1.8% over 2025 to 2028—just below the fed’s 2% target.
Cpi inflation was 2% in june 2024. The consumer price index rose 3% in june 2024 from a year earlier, a decline from 3.3% in may, according to the u.s.