The Rising Influence of Rising Affluence

[10nisman]

When the talking heads say inflation is running 8% they're talking about the past, they're measuring September 2021-August 2022 - AND July and August exhibited much lower inflation. The same will be true for September. Also expectations are for a 3rd quarter with negative GDP growth.

You always bring up "talking heads", who are you talking about? I doubt anyone on this board besides yourself is listening to them.

Lowering inflation and having inflation back at the Fed's 2% mandate are night and day different. The easiest inflation reduction is from 8% to 5%, however, a lot of pain will be needed to reduce sticky costs and inflationary forces to get inflation to 2%. That is why the Fed has said for months it'll be higher for longer... too bad the market is just now getting around to believing them.