a bet on a strengthening economy and cooling inflation
Most economists saw the latter outcome—sluggish growth or even an outright recession—as the most likely. A few analysts—including the folks who bring you Breitbart Business Digest—argued that we werepaired with an economy that would continue to grow at a pace that Federal Reserve officials describe as “above trend.
While the headline consumer price index peaked at 9.06 percent in June of last year, median CPI did not peak until February of this year. Where headline CPI fell all the way from nine percent down to around three percent in June of this year, median CPI has only declined from February’s seven percent to July’s 6.1 percent.we see that there has been no downward trend at all
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