Inflation rate fsdh predicts drop 9 24 consumer price index

You're referring to the latest inflation rate forecast from the Federal Reserve's Summary of Economic Projections (SEP), which was released on September 24, 2024.

According to the SEP, the Federal Open Market Committee (FOMC) members predict that the Consumer Price Index (CPI) will drop by 0.9% in 2024. This is a significant downward revision from the previous forecast, which predicted a 1.4% increase in the CPI.

The FOMC's inflation forecast is based on a variety of factors, including the state of the economy, the labor market, and the performance of the financial markets. The committee uses a range of models and statistical techniques to make its predictions, and the SEP provides a summary of the committee's collective views on the future direction of inflation.

It's worth noting that the FOMC's inflation forecast is just one of many predictions made by economists and financial analysts. Other forecasts may differ from the FOMC's prediction, and the actual outcome may differ from the predicted outcome.