Cass Phyllys

Us Inflation Rate 2024 Forecast Cnn. Download the ctv news app for. Us consumer prices rose 3.4% annually to close out 2023, capping a year of substantial progress on efforts to rein in painfully high inflation.

In the face of slowing inflation and strong consumer spending, the federal reserve announced that it will keep the interest rate steady, holding the benchmark borrowing. Economists projected that the us added 140,000 jobs in september and that the unemployment rate held steady at 4.2%.