Let me see if I understand this right. Please correct me here if not.
Consumer price index is how they are handling whether or not inflation is still high. Food costs are through the roof. I don't see them dropping any pricing yet.
Feds are coming up with the percentages of inflation of 5.5% in the meeting and saying things are getting better. Better where in the CPI?
They said by next year to be around 4% to 4.5% inflation. Economy is strong because labor market is still good with lower unemployment rates.
What's the driving factor of the markets going up when by next year we will still be at a 4% inflation if all goes as planned. Or worse case scenario they crash the system from raising rates even more later this year. And if 2% is the target that means we could be almost three years out until they hit that target assuming all goes well.
What here is it I'm missing?
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