US inflation to show FED's battle is now all but complete
Edited By WION Video Desk
Published: Dec 22, 2023, 05:20 IST | Updated: Dec 22, 2023, 05:20 IST
The US Inflation outlook seemed to improve, but during the recent Federal Reserve meeting, it was revealed that inflation had already hit the central bank's 2% target. This unexpected news led some fed officials to revise their estimates, and now there's a growing consensus that the next six months may not be as inflation-free as initially thought. In simple terms, the US is facing an inflation surprise, and economic forecasts are adjusting accordingly.
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