If anyone actually believes inflation is Down they need their head handed to them. Anyone that has been buying anything the last few years knows that housing, Groceries, cars, you name it has done nothing but go up. I think the FED is the only group that is not seeing the cost of daily goods and services go up. LOL!
Watch what happens to the national debt when interest rates go up. It will increase at an even faster rate. This is why our Gov has been holding off for so long to raise them IMO.