Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 30/06/2022 01:08 
26.05.2022 10:57 News >> US Federal Agency Expects High Inflation To Persist

US Federal Agency Expects High Inflation To Persist

Annual consumer inflation in US estimated at 6.1% this year, 3.1% next year, 2.4% year after.

The US Congressional Budget Office (CBO) said Wednesday it expects high inflation to persist into 2023 and 2024, according to its Budget and Economic Outlook report.
The non-partisan federal agency said it estimates annual consumer inflation will average 6.1% this year, and then slow down to 3.1% next year and later down to 2.4% in the year after.
However, the 2.4% rate that is forecast to be reached in 2024 would still be higher than the US Federal Reserve's inflation target of 2%.
Annual consumer inflation in the US came at 8.5% in March and then 8.3% in April, hovering around the highest levels in more than 40 years.
The CBO also said it anticipates the US gross domestic product (GDP) to expand 3.1% this year, 2.2% in 2023, and 1.5% in 2024. -



        Latest News
Key US Republican Senator Backs Sale Of F-16 Fighter Jets To Türkiye -46 minutes ago...
Upgrading Türkiye's 'aviation capability will benefit Turkey, the U.S., NATO and regional security,' says Lindsey Graham.
R. Kelly Sentenced To 30 Years In US Federal Prison For Sex Trafficking, Sex With Minors -1 minutes ago...
'Kelly relied upon his fame, money and popularity,' say prosecutors.
Dow Gains; S&P 500, Nasdaq Off During Volatile Session -46 minutes ago...
Blue chip Dow adds 82 points to close at 31,029.
Türkiye 'Satisfied With Constructive Approach' By Sweden, Finland -46 minutes ago...
'We will work to ensure that NATO has more unity on terrorism,' says Turkish communications director.
Central Banks' Challenge Is To Control Inflation Without Recession: S&P -31 minutes ago...
High prices, aggressive Fed make it hard for US economy to 'walk out of 2023 unscathed,' says rating agency.

 
      Top News
R. Kelly Sentenced To 30 Years In US Federal Prison For Sex Trafficking, Sex With Minors R. Kelly Sentenced To 30 Years In US Federal Prison For Sex Trafficking, Sex With Minors
France, Türkiye Committed To NATO's Unity, Strength: French President France, Türkiye Committed To NATO's Unity, Strength: French President
Turkish Gymnast Wins Gold In Mediterranean Games Turkish Gymnast Wins Gold In Mediterranean Games
Hamilton, F1 Condemn Nelson Piquet's Racial Slur About British Driver Hamilton, F1 Condemn Nelson Piquet's Racial Slur About British Driver
Biden, G7 Leaders To Unveil $4.5 Billion In Aid For Global Food Security: White House Biden, G7 Leaders To Unveil $4.5 Billion In Aid For Global Food Security: White House
Green Energy Transition Could Create 300,000 New Jobs In Türkiye: Report Green Energy Transition Could Create 300,000 New Jobs In Türkiye: Report
US Prohibits Russian Gold Imports; Sanctions 70 Entities, 29 Individuals US Prohibits Russian Gold Imports; Sanctions 70 Entities, 29 Individuals
Kremlin Criticizes NATO Plans To Increase High-Readiness Forces Kremlin Criticizes NATO Plans To Increase High-Readiness Forces
UN 'Disturbed' By Deaths Of 23 Migrants At Morocco-Spain Border UN 'Disturbed' By Deaths Of 23 Migrants At Morocco-Spain Border
Russian Missile Strike On Shopping Mall Kills At Least 18, Ukraine Says Russian Missile Strike On Shopping Mall Kills At Least 18, Ukraine Says