The inflation stats continue to fall within range i had at the low end 7.97% and high end 9%.
Numbers are still high, but the growth rate of the 2nd derivative is falling, which also lowers the annualized rate of growth in CPI.
We are still on pace to close the year at between 6% or 7% inflation. These numbers will hit the Base Effects in Q1 of 2023 and likely continue to come down significantly. Be patient we are going to be well above 2% mandate until 2024. Although, I think the Federal Reserve should up the tolerance from 2% to 2.5 to 3%.
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Macro Trend
Monetary policy, various types of price indices... Here is everything about the macro economy!
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