Us Inflation Rate 2024 Forecast. Looking ahead into 2024, forrester expects headline inflation to decrease from an average of 4.1% in 2023 to 2.6% in 2024. The forecast for q2 2024 shows confidence in the us economy, supported by consumer spending, business investment, and a robust job market.

Slowed growth and normalizing inflation could induce the fed to cut rates aggressively in 2024. The policy rate forecast in this report implies that the policy rate will remain at 4.5 percent to the end of 2024 before being gradually reduced from 2025 q1.