Citibank believes that the worst of the US consumer price inflation has past

Across the developed countries, consumer rates have been rapidly increasing nowadays when compared to the past decade. In response to this, the policy makers are withdrawing the financial and monetary hikes they offered when stuck with the COVID.

June 10, 2022 - 12:16 PM 255 views

Citibank believes that the worst of the US consumer price inflation has past

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© Citibank believes that the worst of the US consumer price inflation has past

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Citi Global Wealth Investments released its Mid-Year Outlook 2022 report ahead of Friday's US inflation data, which is due at 1230 GMT. The key takeaways are listed below.

Across the developed countries, consumer rates have been rapidly increasing nowadays when compared to the past decade. In response to this, the policy makers are withdrawing the financial and monetary hikes they offered when stuck with the COVID.

The bad phase of US customer rate inflation has already passed, declining to around 3.5%, probably in 2023.

The US Federal Reserve is dominating the way, signalling some of the greatest annual interest rate hikes in history. We believe that the Fed's actions will figure out whether there’s going to be a recession or continuous growth. The economy stands for bigger rates but not an impetuous withdrawal of liquidity.

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