Another big call by Apollo: "Inflation will likely be above the Fed's 2% inflation target for the rest of 2024."
If inflation rises at its current pace for the rest of the year, then core CPI inflation will increase to 4.5%
To get inflation back to the Fed’s 2% inflation target, core CPI for the rest of the year will have to come in at an unprecedented 0.1% month over month.
Recent inflation data has suggested that the Fed is likely dealing with a trend reversal in inflation.
The straight-line lower inflation data seen in 2023 is officially gone.
