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Fed lowers inflation forecast for 2024, seeing core PCE falling to 2.4%

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Fed lowers inflation forecast for 2024, seeing core PCE falling to 2.4%

Federal Reserve Board Chairman Jerome Powell answers a question during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, November 1, 2023.

Kevin Lamarque | Reuters

The Federal Reserve dialed back its inflation projections on Wednesday, seeing its favorite gauge falling to 2.4% in 2024.

The central bank also predicted that the core personal…

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