Core inflation in the US “fell to 1.5% on a three-month basis and 1.9% on a six-month basis. This marks the second consecutive month where core inflation has been below 2% on a six-month basis,” said Brainard. Brainard delivered her summary on the US economy on January 26th, 2024. Contrary to forecasts made a year ago predicting a contraction in the US economy in 2023 and a surge in unemployment, the actual outcome proved otherwise. The economy experienced growth exceeding 3%, and the unemployment rate remained below 4% throughout the entire year, all while inflation decreased. The overall per…