Inflation Is Cooling, Leaving America Asking: What Comes Next?Just as nobody knows what the Ukraine situation will look like by the end of the year, nobody knows what the inflation rate will be either. We live in interesting times.
https://www.nytimes.com/2023/01/23/business/economy/inflation-turning-point.html"Many economists and Fed officials themselves estimate that price increases will take years to fall back to the 2 percent annual rate that used to be typical. But some on Wall Street think inflation could drop sharply, possibly even returning to the historically low levels that prevailed before the pandemic. The stark divide is visible: The highest forecast in a Bloomberg survey of economists expects consumer price increases to remain at or above 5 percent by the end of 2023, while the lowest show them dropping to 1.5 percent."
