Inflation Stalemate and Its Impact on Federal Reserve Rate Cuts |Russell Price, Chief Economist , Ameriprise Financial Inc. 00:10:00
In this report, we analyze the recent stagnation in inflation progress and its implications for future Federal Reserve rate decisions. Despite a significant decline from a peak of 9% in June 2022 to 3% in June 2023, inflation has remained stubbornly steady. Contributing factors include robust economic activity and a strong job market, which has maintained consumer spending at high levels. We discuss the potential timeline for Federal Reserve rate cuts, which have been delayed but not derailed. For personalized investment strategies, consult your Ameriprise financial advisor.
