Inflation is slowing down just a little bit. But my feeling about the Fed (which partly caused the problem in the first place by keeping rates too low for too long (TLTL) under Yellen is all i can do is laugh.
The U.S. core deflator (year-on-year personal consumption expenditure core price index fell only slightly in February to a still high level of 4.6% in February despite the rise in US interest rates. Fed and slowing M2 Money growth.
I thought Biden and Congress passed the Cut Inflation Act??
I forgot. Under Obama/Biden, the United States is now a failed state. Or a banana republic without bananas. Well done Joe!