Inflation is going to reignite.
5%
5% is not high when considering the inflation rate.
The Fed is all about stopping Trump.
We know there is now a Federal Employee pay raise, a raise in Social Security benefits—both taking place on January 1.
The huge federal deficit means that money must be borrowed.
Good luck with deflation while that is happening.
PPI is pointing to deflation. CPI is already close to 0% when you calculate rent in real time instead of delayed 15 months like owners equiv rent does (opposite effect in 2021 and 2022 when inflation was massively understated). Money supply is pointing to deflation.