Julius Baer Group: It is Expected that the Average US Inflation will be About 4% this Year and will Continue to Slow Down Next Year

U.S. inflation is likely to average around 4% in 2023, slowing further next year, Julius Baer said in its mid-year market outlook report.
The group expects both U.S. inflation and economic growth to slow more than it forecast at the beginning of the year.
According to the report, as of May this year, the annual rate of inflation in the United States has fallen for an unprecedented 11 consecutive months, and the downward trend is still continuing.
“Looking ahead, tighter monetary policy, tighter credit conditions, lower commodity prices and fewer impediments to trade flows will continue to release inflationary pressure valves.”