Allianz’s chief economic advisor, Mohamed El-Erian, recently shared insights that may give American consumers a reality check: A significant price drop is unlikely despite inflation cooling and interest rates stabilizing. On CBS’s Face the Nation, El-Erian explained that while the inflation rate has slowed – down to around 2.4% from the 9.1% high in 2022 – this reflects only a deceleration in price increases, not a decrease in prices. Don’t Miss: Can you guess how many Americans successfully retire with $1,000,000 saved?The percentage may shock you.$100K Sitting In A CD Account, Should I Move …
