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International Business Times
International Business Times
Business
Demian Bio

Economists Raise Estimates For U.S. Inflation And Reduce Expected Interest Rate Cuts

Inflation Donald Trump CNBC
Economists now believe inflation in the U.S. will clock in at 3.6% (Credit: AFP)

Economists have raised their estimates for U.S. inflation and reduced expectations for interest rate cuts, according to a new survey.

They now see the personal consumption expenditures price index clocking in at 3.6% in the second quarter, Bloomberg's April survey of economists noted. The figure is a 0.3 point increase compared to the March survey.

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