The conventional wisdom about inflation is apt to be wrong, again. Mainstream economists think the upward pressure on prices is waning, but average Americans disagree. Part of the difference is semantic. But the consensus of economists and the financial markets—that inflation has slowed sufficiently to pave the way for the Federal Reserve to lower interest rates meaningfully in 2024—may well prove to be off-base.
Source: https://www.barrons.com/articles/inflation-federal-reserve-rate-hikes-80c8e593?siteid=yhoof2&yptr=yahoo