I am confident inflation will continue to drop as distortions in supply chain iron out. I believe that is what is happening now and over the next six months. Therefore the Fed, if they sit on their hands for a couple of quarters will be able to claim victory without being able to explain it necessarily.
I agree it will keep dropping, but not to 2 percent. Maybe more like 3-ish percent around June, which I don't think would be disastrous. More worrisome is that it could go up again next winter if European energy shortages continue or worsen.
I think the energy issue will be noticeably better by next year and Russia will have been irreparably weakened. I won't be surprised if there is a glut of Russian gas and oil and they are selling at steep discounts.
I am confident inflation will continue to drop as distortions in supply chain iron out. I believe that is what is happening now and over the next six months. Therefore the Fed, if they sit on their hands for a couple of quarters will be able to claim victory without being able to explain it necessarily.
I agree it will keep dropping, but not to 2 percent. Maybe more like 3-ish percent around June, which I don't think would be disastrous. More worrisome is that it could go up again next winter if European energy shortages continue or worsen.
I think the energy issue will be noticeably better by next year and Russia will have been irreparably weakened. I won't be surprised if there is a glut of Russian gas and oil and they are selling at steep discounts.