Claim False

U.S. inflation will drop below the Federal Reserve's target of 2.5% in...

Scott Galloway: U.S. inflation will drop below the Federal Reserve's target of 2.5% in 2024 Published Jan 5, 2024. Status: False. The claim states that U.S. in...

Actor: Scott Galloway
Topic: Economy
Status: False
Published: Jan 5, 2024
Deadline: Dec 31, 2024

U.S. inflation will drop below the Federal Reserve's target of 2.5% in 2024

FactTracker assessment

The claim states that U.S. inflation will drop below 2.5% in 2024. Evidence for 2024 shows inflation rates at...

Verification rule: Observed value < 2.5 %; window 2024-01-05 to 2024-12-31

Verification criteria: The U.S. Consumer Price Index (CPI) year-over-year inflation rate drops below 2.5% in any monthly report during calendar year 2024.

Original source: profgalloway.com