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> Inflation has been tame over the past six months.

No, I don’t think so. 6.5% [0] is still an absurdly high rate compared to the past 30 years. It is nowhere near tame and may still fluctuate quite a bit.

[0] https://tradingeconomics.com/united-states/inflation-cpi

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That is the trailing twelve months rate, and inflation was very high in the first six months of the trailing twelve months.

Core inflation actually fell last month [1], and the producer price index has been very low the past several months [2]

[1] https://tradingeconomics.com/united-states/core-pce-price-in... [2] https://tradingeconomics.com/united-states/core-producer-pri...

It's been trending down for the past 6 months, and markets are always future focused. Inflation is non-issue anymore

Trending down, but still high and high for the foreseeable future.

It’s not a non-issue to people trying to buy things.

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