Correct me if I’m wrong, but inflation / CPI metrics that are coming out represent YoY results.
Thus, raising interest rates will hopefully stop the growth rate in CPI, but there is simply no way that we will return to previous prices. We really have to wait until 2023 to see the results of interest rates on CPI. It’s not as if food, gas, etc will drop in price enough for CPI to decline in a few months. All we can hope is that they stop climbing.
I don’t believe there really is a 1:1 correlation with the stock market here. And these prices might be here to stay. Stock investors may be reacting to recession fears instead of CPI.
Also, if the money taken by these companies is invested wisely, then you hope that those investments pay off. It’s not like 2008 wherein the money goes poof
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