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12/14/2023 — Inflation fell to 3% in November after starting the year above 6%, another sign the Federal Reserve may stand a good chance of bringing inflation down to its 2% target. While the so-called soft landing for the economy still isn’t guaranteed, the drop in inflation reinforces hope of getting there in the new year.
Find more timely insights on the markets and economy in the December 2023 edition of Cycle Watch.

Author(s)

Mark Hackett, CFA, CMT

Chief Market Strategist, Nationwide Investment Management Group

Mark Hackett is the Chief Market Strategist for Nationwide’s Investment Management Group, bringing more than 20 years of experience in the asset management industry to the role.

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Ben Ayers headshot

Ben Ayers

Senior Economist

Ben Ayers is a Senior Economist with Nationwide Economics, supporting the company’s forecasting and macroeconomic analysis functions.

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Except where otherwise indicated, the views and opinions expressed are those of Nationwide as of the date noted, are subject to change at any time and may not come to pass.