Inflation has fallen from 9% to 3.1% in just 18 months
Is the US economy now at risk of deflation? pic.twitter.com/qMY0kCJi97
— Bravos Research (@bravosresearch) January 2, 2024
The New York Fed's measure of underlying inflation (the "multivariate core trend" rate) ticked down to 2.3% in November from a downwardly revised 2.4% (originally reported as 2.6%) for October
This was the lowest reading since the end of 2020 https://t.co/84wzo4Vk6i pic.twitter.com/2y5dMiv1sp
— Nick Timiraos (@NickTimiraos) January 2, 2024