The short version

Scott Galloway predicted on January 5, 2024: “U.S. Inflation Drops Below the Fed’s Target of 2.5%. In a little over a year, inflation has gone from 9% to 3%. Look for this downward momentum to continue.” Verdict: Partially right. Inflation trended lower than 2022 highs but did not decisively drop below 2.5% for the year in the way implied by…

Prediction by

Scott Galloway

On January 5, 2024

“U.S. Inflation Drops Below the Fed’s Target of 2.5%. In a little over a year, inflation has gone from 9% to 3%. Look for this downward momentum to continue.”

Follow-up

Inflation trended lower than 2022 highs but did not decisively drop below 2.5% for the year in the way implied by the headline prediction.

From the High Caliber AI network — see the AI for PR module in the course.