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Inflation won’t return to normal until 2024, CBO predicts | The …

November 20, 2022

WASHINGTON (TND) — The nonpartisan Congressional Budget Office released its forecast for next year and is predicting inflation will persist into next year before receding to normal levels by 2024. The CBO said inflation will persist due to high demand and a restrained supply of goods, services and labor. It expects inflation to ease throughout 2023 and finally return to the Federal Reserve …

https://thenationaldesk.com/news/americas-news-now/cbo-expects-inflation-to-persist-into-next-year-federal-budget-deficits-inflation-congress-spending-gdp-economy

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