"Look I was wrong about the path inflation would take." - Janet Yellen
The May Consumer Price Index (CPI) report comes out on Friday (June 10, 2022) and there is some reason to think it continues to come off the highs (8.5% March... 8.3% April), but regardless, it sure doesn't feel like the good ol' days of 2019!
Speaking of inflation... Price stability (read: Inflation management) is a primary responsibility of the Federal Reserve, and while low unemployment is to be celebrated it is causing problems for the Fed's fight against inflation.
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