2024 Inflation Forecast Usa Today. Looking ahead into 2024, forrester expects headline inflation to decrease from an average of 4.1% in 2023 to 2.6% in 2024. The fed said it’s probably done hiking rates to fight inflation and is penciling in three rate cuts in 2024, a strategy that would lower borrowing costs for consumers and businesses.

We forecast core pce prices—the fed’s preferred inflation metric—to rise 2.4% in 2024, down. Private sector experts expect inflation to drop below 2.5% in 2024, according to the federal reserve bank of st louis.