The figures are a welcome respite from the sustained heated core increases of late, and fuel costs look to ease in response to the recent pullback in oil prices. However, food, rent, and a few other items look to remain troublesome and act to slow the expected retreat in inflation in the year ahead.
The market is getting increasingly nervous that the economy will lose its forward momentum and a recession will occur. We are tracking a number of indicators.
A review of how the Federal Reserve is facing inflation, the impact international current events are effecting the markets, and how domestic measures of activity are indicative of the market health.
When will inflation peak? No one knows for sure. March’s headline overall figures are likely to be larger than what we saw this week because it is going to capture the oil spikes that we referred to in the previous paragraph.