Real investors know this was the short covering event that was scheduled for September but Powell stuck a pin in it...Ok so inflation peaked but is still way over the Fed rates at 4%...What this shows is that it took the Fed rates 6 months of rapid rise to just touch the economy. 6 month lag. That is NOT good news for you Affirm long-wrongs. inflation will be sticky as energy keeps rising. Wages are sticky as we still have 11 million unfilled jobs or 2 jobs for every unemployed person. Rents dont go down like consumer goods.

---SO price of goods FINALLY turned the corner--what does that mean? It means SELLER of GOODS have less demand which means we are just starting a long economic slow down and the Fed has probably over 1 year more to raise rates over 5% and HOLD for the long time during the slow down to inflict as they say PAIN...Affirm will feel this PAIN. Long-wrongs will be bagholding again...sad$Affirm Holdings, Inc.(AFRM)$