Right. There are so many moving parts to inflation though. Energy has come way down, but that never lasts. OPEC will jerk the chain again and the USA is already producing all it can (since it’s election season). If Biden is reelected, he will make sure energy prices rise. Energy prices affect almost everything due to shipping costs. Insurance companies are just starting to catch up with the cost of reconstruction and if material prices rise so will insurance costs, can’t help that.
Jimmy Carter revisted.
Oh, and it came where I expected, not higher than expected. Higher for longer still in place. There is ZERO reason to lower rates, which would start a Carter-style disaster.
At least US domestic energy production keeps hitting new all-time records. That’s good to see. Need to repeal the Jones Act.