re: #55 lawhawk

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The Fed is going to fight inflation even if it means pushing country in to a recession. As it is, there’s little evidence that inflation is out of control. It’s not. Oil prices are relatively stable, gas prices are falling, and shipping costs are coming down after all the supply chain mess during the worst of the pandemic. That will all help reduce inflation.

Housing and food prices are still a problem, but mostly housing. Housing accounts for around a third of the CPI calc and annual rent inflation is still in the double digits.