Story perspectives
Inflation Woes Persist: U.S. Stays Above Target, Argentina Improves
1/16/2025
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Story summary
- U.S. inflation is expected to stay above the Federal Reserve's 2% target for a fifth consecutive year, driven by supply chain challenges and high post-COVID-19 consumer demand.
- Argentina's inflation rate fell to 117.8% in 2024, down from 211.4% in 2023, thanks to austerity measures by President Javier Milei.
- Investors are worried about ongoing inflation in 2025, impacting stock and bond markets amid anticipated strong economic growth.
