Are Low Inflation Expectations Overly Optimistic?

Of course, inflation broadly trended downward as 2023 progressed and most commentators think this will continue through 2024, allowing the Federal Reserve and other central banks to begin cutting interest rates at some point during the year. But early 2024 has featured signs that the global economy isn’t decelerating nearly as quickly as anticipated, stoking concerns that inflationary forces could build once again. Read more on the outlook from T.Rowe Price.