The final CPI report for 2022 due Tuesday is projected to slow to a 7.3% annual increase in November. The year-over-year core CPI is set to increase to 6.1%.
While housing is uncertain, used car prices and the cost of medical care are expected to decline.
The price outlook for the following year would depend on three factors: goods, housing, and wages.
The Fed's policy rate is seen to peak at 4.9% in the first half of 2023, according to...