BREAKING: Inflation Forecast at 33-34%, Exceeding Fed Goal

CPI Report Expected to Show 0.4% Increase

The event forecasting site Kalshi has predicted that inflation in the April Consumer Price Index (CPI) report will land between 33% and 34%, significantly exceeding the Federal Open Market Committee's (FOMC) annual inflation goal of 2%.

Year-Over-Year Core CPI to Ease

The CPI, which measures the change in consumer prices, is anticipated to show a 0.4% increase from March, matching the previous month's reading. However, the year-over-year change in core CPI, which excludes volatile food and energy prices, is projected to ease to 3.6% through April.

The consensus among economists is that the elevated inflation levels are due to a combination of factors, including the ongoing COVID-19 pandemic, supply chain disruptions, and increased consumer demand.