Economists raise US inflation forecast amid Iran war and energy costs

8 articles · Updated · Bloomberg · Apr 24

Bloomberg’s April survey shows economists now expect the PCE price index to rise 3.6% in Q2, up from 3.3% in March.
Elevated energy costs linked to the ongoing Iran war have led economists to predict only one Federal Reserve interest-rate cut this year.
The revised inflation outlook reflects persistent geopolitical tensions and their impact on US economic policy, with higher energy prices driving expectations for slower monetary easing.

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