The Economy, Inflation, Have Been Burning Up. Are They Burning Out?
Let's tackle the big question: Is inflation, and possibly the economy, too, reaching a peak? We're seeing some possible signs of slowing -- but they could be other, harmless shifts under the surface. Here's my take.
Could inflation --- and maybe the economy, too -- be peaking? The Federal Reserve has only hiked interest rates by a quarter of a percentage point off zero, and yet we're seeing nascent signs of slowingWe saw this on Tuesday, when, despite an 8.5% consumer price index increase year-over-year, the bond yields fell and bets on Fed rate hikes in 2023...
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