Getting Inflation closer to the Federal Reserve's 2% target may be harder than it seems, as prices in pivotal components such as rents and medical care services have proven to be stickier than other cyclical items. Achieving the 2% target may require a recession, according to Steven Blitz, chief US economist at GlobalData TS Lombard. While progress has been made, with annual inflation falling to 3.7% in September, there is still work to be done in controlling rents and medical care services. Uncertainty remains about the Federal Reserve's next steps and whether there will be another rate hike this year.

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