U.S. inflation remains above Fed's target rate

[oldsoftie]

3. Dropping very slowly. Which may not be a BAD thing.

A quick drop could mean an accelerated drop right into a recession, which we dont need. Slowly dropping, while keeping unemployment low at the same time, would be seen as a GOOD thing, IMO.
If inflation is in a good spot by next summer & UE is still low, that will be a big plus for Biden. Housing int rtates are up, but inventory is still very low. Usually when we have these rate increases, inventory is at LEAST normal or maybe even high. But even with rates of 6-7%, if we can STAY there, I dont see a housing crash at all. people have to live somewhere. Autos, OTOH, are absolutely ridiculously priced. I can see myself never buying another new vehicle in my life regardless of my ability. I'm fortunate enough to be able to buy pretty much what I'd want, but its just a stupid waste of money. I just refuse to pay for a car what some houses cost.
But NO MORE pumping any money into the economy by the FED either.